AOH 0.00% 12.0¢ altona mining limited

who wants extrata as a partner?

  1. 581 Posts.
    Certainly not me.My opinion(fwiw)i believe the latest drilling results are an attempt to have Extrata lose interest in their buy in opportunity (lower cut off grades is making it less attractive to Extrata as they normally only go for much higher and easier % of contained minerals.)Finlands positive cash flow from early next year should easily help Altona go it alone as there is still a couple of years before anything like production to start at Roseby---set up costs would be roughly half paid for from Finland hence making it much easier to borrow to complete the construction stage.why give half the profit to Extrata if it can be kept in house----would like to see other ppls opinion on this.
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