Looks good for MKO holders, now have some income over next 3 years at $1m p.a, these funds could be used for development for their resource to get going for the mill over next 12 months or so...
I thought $20-25 per tonne, was discussed here previously but seems holders are happy with the $1.
Be interesting to see who the other party wanting to lease the mill for processing their ore, I recall the costs were limited basically flick the switch and the mill is ready in relation to refurb? Whoever it is has got a bargin in my view, get use of a mill to produce more or less 100k/oz pa for $1 per tonne extra on normal processing costs? Brilliant $1m pa to make $50,60,70m?
Anyway see what the market thinks I guess?
MKO Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held