MKO 0.00% 7.0¢ metaliko resources limited

Resource Update, page-12

  1. 1,465 Posts.
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    Sharetrader78,

    MMM interesting, Kathleen Valley was the last deposit i expected someone to mention? I note RMS still have it penciled in on their production profile 2017to boost production above 120k/oz and i guess hope for 2018, current resource is 160k/oz with 53 koz reserves at 4g/t, sure may grow as think they plan to drill extensions this year?

    If RMS mine it for another year as you suggest, will probably only be resource of 100k/oz left plus what ever they add from upcoming small drilling campaign, if they continue to get 4g/t i expect RMS to keep using the deposit as they only have a 2m.oz resource base with 3 year LOM looking to grow expand LOM further, if MW comes on line earlier maybe they look to offload or toll.

    Still not sure it suits MKO short term 6 months, if they had cash they could essentially have theirs and EAR deposits up and ready with feasibility studies complete within a year?

    This 400k/oz deposit sounds more interesting Cdchi1 mentions? Do you know of this?

    Bronzewing 3mtpa? I was under the impression 2.4-2.5mtpa at best?

    I think Bronzewing can work if it has huge ore supply, ie...minimum 7.5mt @ 2g/t for 3 years or on you numbers 9mt @ 2g/t for 3 years.....Michael has said he is not interested in firing it up, until there is resource of 2g/t or higher?

    Historically the plant has produce best at 2g/t or higher with huge ore supply so is at capacity at all times...

    Just trying to establish were the huge ore supply is going to come from short term, within next 6 months?
 
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