functi0n
09-03-2011, 12:35 PM
$20m in cash with a $50m market cap.
Mineral Hill:
200,000tpa plant being refurbished. Dual production from Pearse and Parkers Hill deposits.
Parkers Hill:
1.089mt @ 1.8% Cu, 1.0% Zn, 1.0% Pb, 30g/t Ag
5-6 year mine life.
Pearse:
52koz Au and 542koz Ag in reserves.
2-3 year mine life.
Combined Initial Production pa
20,000oz Au
150,000oz Ag
4,000t Cu
Still alot of exploration upside at Mineral Hill. Capex is fully funded from cash reserves.
Here is the "company maker".
Sorby Hills Lead-Silver-Zinc-Project (75% KBL)
Chinas Henan Yuguang is the largest producer of refined lead and silver metal in China. They have farmed in for 25% by fully funding a $5m feasibility study at Sorby Hills.
Inferred Resource 16.90mt 4.6% Pb, 0.7% Zn, 56g/t Ag
It is said to be the largest undeveloped Silver/Lead deposit in Australia at open cuttable depth.
Production rate of up to 1mpta >10 year mine life.
50km by road from the regional
centre of Kununurra, and 170km from the export port of Wyndham.
Mineral Hill:
200,000tpa plant being refurbished. Dual production from Pearse and Parkers Hill deposits.
Parkers Hill:
1.089mt @ 1.8% Cu, 1.0% Zn, 1.0% Pb, 30g/t Ag
5-6 year mine life.
Pearse:
52koz Au and 542koz Ag in reserves.
2-3 year mine life.
Combined Initial Production pa
20,000oz Au
150,000oz Ag
4,000t Cu
Still alot of exploration upside at Mineral Hill. Capex is fully funded from cash reserves.
Here is the "company maker".
Sorby Hills Lead-Silver-Zinc-Project (75% KBL)
Chinas Henan Yuguang is the largest producer of refined lead and silver metal in China. They have farmed in for 25% by fully funding a $5m feasibility study at Sorby Hills.
Inferred Resource 16.90mt 4.6% Pb, 0.7% Zn, 56g/t Ag
It is said to be the largest undeveloped Silver/Lead deposit in Australia at open cuttable depth.
Production rate of up to 1mpta >10 year mine life.
50km by road from the regional
centre of Kununurra, and 170km from the export port of Wyndham.