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Barry Crocker

405 Posts.

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10/03/16

16:27

Post #: 17240531
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Originally posted by cdchi1 ↑

Probably not much research you can do atm. There are two things we need to see...the maiden resource statement for Julius for confirmation of a likely viable standalone project and further exploration drilling at Zaphod and Julius for blue sky potential.

Feed stock (from Julius) will be fine.... 1.8 g/t is the minimum you want for BW plant (though at current POG it could be lower but wouldn't want to, dont want to end up like NAV if POG collapses). I expect Julius will be well above that.

I don't think it will be toll treatment of Julius, as I expect the companies to be combined. But depends on what their respective shareprices do...if one gets out of hand to the upside, then maybe they will need to trade separately. If they do combine, whether it will by by scrip merger or by one company making a bid for the other company I have no idea.

I expect Julius will be easily big enough on its own without needing to toll treat other resources nearby though obviously if anyone comes knocking MKO wont turn them back (assuming appropriate terms). There are plenty of little deposits nearby owned by other companies that cannot be developed on a standalone basis. I expect there is some sense of urgency from their owners now that they see a big chunk of BW capacity will be tied up by Julius. Could be first come, best served.

Cdchi1

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Tks Cdchi1

MKO Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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