Nice move up is share price recently for MMA.
This 2017 Cannington announcement says "The Mineral resource inside each stope is considered for Ore reserve should it have 30% of its total mass as Inferred mineral resource". (Note recent South 32 Cannintong AISC I believe is around 150US/dmT and they are digging deep) https://www.marketindex.com.au/asx/s32/announcements/cannington-mineral-resources-and-ore-reserves-update-6A847947.
This seems logical, as SEDEX depsosits are so predictable. So does that mean by the same standards, MMA's silver/lead starter zone is not far from being ore reserve? MMA has 19% as indicated vs >30% South32 target.
The value of MMAs 32Mt of silver/lead is 218.5 USD/dmT. Nice profit when you compare that to the AISC of 150USD/dmT that Cannington is currently achieving. MMA also obviously will have a vent core of higher grade and wider intercepts.
Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-48
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Last
27.0¢ |
Change
-0.030(10.0%) |
Mkt cap ! $49.46M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 26.5¢ | $57.78K | 215.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26151 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 8805 | 1 |
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| Last trade - 13.26pm 27/05/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
-0.030 ( 5.40 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 29.0¢ | 26.5¢ | 76308 | ||
| Last updated 14.23pm 27/05/2024 ? | |||||
| MMA (ASX) Chart |