MOY 0.00% 5.1¢ millennium minerals limited

From CEO/Novo board: If I was negotiating with MOY, I'd be...

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    From CEO/Novo board: If I was negotiating with MOY, I'd be trying to set up a separate line for the oxide at Beaton's Creek (BC). There's 316 thousand ounces of oxide material in the BC MR at 1.9 gpt with recovery 96% through gravity and CIP. I think a lot of what MOY is running now is sulfide but MOY has equipment for both oxide and sulfide as separate lines. I could be wrong. Maybe they only can run one or the other at a time but maybe with some additional equipment, two completely separate lines could be established. If the separate oxide line could process 2MTPA that would work out to 117,000 ounces per year - 3 years worth. MOY would produce 80,000 ounces per year on the separate sulfide line. Sumitomo finances the plant upgrades for the oxide line and Novo pay's MOY a NSR of 3%. MOY owns the upgrades and gets $5.5 million U.S. a year in NSR while still running the sulfide ore.
 
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Currently unlisted public company.

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