IGO. Aren't they the tech exploration crowd that put Northern star into the top tier? Looking into it, If it is the same, if there are any elephants in the tenements, they have the best chance of finding them/it. This is very very positive for me, Nifty aside.
Looks like the review showed they can make Nifty a profitable operation again quite cheaply, and before too long. Substantially de-risked. Additionally, with more research, more profitable underground operations might be possible down the track using sunk investment, through the base of the open cut. I'm not a miner so that's a wild guess.
The doctors examination says this patient is likely to survive, after a near death experience. Much of the plant is amortised already, having been in use for quite a few years, so not so much of the old depreciation charges. I was not expecting this.
MLX Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
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