IRC 8.00% 13.5¢ intermin resources limited

Cost = see GCY. Not much change from $70M it seems....see screen...

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    Cost = see GCY. Not much change from $70M it seems....see screen shot below from Hartley's GCY  broker report way back in May-18.

    Lots of money hey.  Though CMM seemed to have no issue getting finance recently to build a plant?? (correct me I'm wrong).

    Talking of GCY - they're an extremely useful example of what happens when you mine low-grade ore and you can't find enough of the stuff. It turns into a disaster real quick.

    MRP's grade is pretty avg (though I have zero clue of the type or ore - I know it makes a difference to ASIC).

    Also, is it just me, but the drilling Anns were coming thick and fast last year, but now have seemed to slow up.  Are WA contractors still in new years shutdown mode?

    Donald "where do we go now Pricey, where do we go" Frump



    https://hotcopper.com.au/data/attachments/1429/1429667-e68fa49a944c13f8c5d895ef3f569b9c.jpg
 
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