Wingellina has a Jorc resource of Nickel and Cobalt at todays prices worth around $70bn .The bulk of which is in the highest categories ,measured and indicated !!!! .Their market cap is $400m .That doesnt include resources that will eventuate from Claude Hills ,which is returning similar grades and widths .The resource is from surface . The Renison tin mine about to begin operations in a couple of months will be highly profitable ,and would be worth the market cap of this company by itself . Jinchuan and APAC look to be a lot smarter than the general Aussie investment community .This is crazy to have these assets valued at these prices . MLX also have income from Nickel royalties ,and a very prospective Phosphate project on the go . The Aussie market are totally ignorant to this gigantic world class nickel asset,not to mention what will be the largest hard rock tin mine in the world ,MLX will eventually supply about 4% of the worlds tin .Most other major tin producers are in indonesia ,not where most people would invest .MLX is the best non indonesian tin exposure in the world in my opinion .Tin is on an uptrend that shows no sign of abating . Cobalt is at record prices having doubled in value recently ,and Nickel is shooting up again ,over $30,000 t. Phosphate ,Tin ,Nickel and Cobalt .This one has untold upside and will be a multibagger within the next year or two .
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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