It is Southern Cross Equities director's top pick among the mid to small cap resource plays. MLX's assests include the Wingellina Prospect (N.T) & royalties payable by BHP from Kamgalda & Mount Keith (W.A) nickel fields. It also owns the Collingwood Tin project (Qld) & Renison Tin project (Tas).
According to AFR Aitken is extremely bullish on the SP prospects saying it looks cheap. He says the SP should double over the short to medium term & recommends "buying it aggressively under 50c".
Key to his strong outlook is the potential for Wingellina to drive MLX's longer-term eearnings & valuation, while the restart of the Renison Tin project is expected to have a significant impact on earnings.
Current SP is .425.
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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