MML 2.41% 85.0¢ medusa mining limited

Light at the end of the tunnel?, page-18

  1. 812 Posts.
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    They were planned to be open pit...

    You'd be a brave man to think you'd get approval to build an open pit mine in the Philippines right now.

    Maybe in 6 years time when they get a new president and environment minister...

    More importantly in the 2013 scoping study I think it suggested that the start capex was around US$220m...

    I don't know about you guys but if MML has $220m to spend (which it doesn't so it'd need to either borrow or do a cap raise) I think there are better opportunities out there than open pit mine in the Philippines...
 
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