MLX 2.27% 45.0¢ metals x limited

Ann: Nifty Down-Plunge Extension Confirmed, page-4

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  1. 5,034 Posts.
    lightbulb Created with Sketch. 4049
    Yeah - you do have to laugh at market reaction sometimes, that one hole means that potentially the orebody extends another 600m beyond the furthest know/drilled portion of the Nifty orebody (which itself has been mined along its 600-700m strike length).

    So its essentially a "Dear Sirs, we have evidence that the orebody could be double than what is currently known about" and the market reaction is to yawn and drop the share price by 1% !

    The drill hole in the keel will be a deep one, but am looking forward to it.
 
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