Good Murchisin Proxy for MMY It's Meeka Metals ....$168 million market cap.
Deposit is close to WestGold.
FS based on just over 300,000 ounces of Reserves out of 1.2 m ounces of Resources.
64,000 ounces per year including some UG with ASIC of just over $1700 AUS.
NPV8 after tax of $344 million AUS = $330 m cad
Capex is $73 million...booosted milliing to 640,000 tons per year by acquiring larger ball mill etc
Capex also includes 116 m mining camp.
See CP link below.
Its a decent proxy for our + ODY assets......yet initiation of development has boosted its market cap to about $155 million cad....we get zero for our equivalent assets.
Moving from explorer to production. is the key driver
https://api.investi.com.au/api/announcements/mek/a4bade91-625.pdf