Sooner or later they will start Rentails project construction. Half MLX, half Yunnan tin. Yunnan might not be in much of a hurry right now due to the capital required on their part possibly $150 million,with the bad situation in the Chinese economy, in a downward spiral. The return on investment will be high but of course it does depend on the price of tin.
Right now a little merger with Stellar Resources (SRZ) might be a good idea if Yunnan is inclining to defer Rentails a bit longer.. They have about 7.5 m tons of Sn proven up at about 1.05% in the Heemskirk deposit starting at about 300 m depth, about 75k tons of tin, and an exciting early prospect at North Scamander with Ag, Sn, Zn, R3 and Ga in quite a thick vein open etc.but very limited money for further exploration and development. Capitalised now at a microscopic $7m in the market, and this would be 100% MLX, not 50:50. Ten million or so would be less than a quarter's earnings for MLX and it would get another substantial bundle of tax credits from SRZ's 20+ years of exploration operations.
Heemskirk and satellite deposits are at Zeehan, just out of town, not that far down the road from Renison. The tin production and mining synergies with MLX would be high. Maybe even process at Renison down the road? Their geos could carry on with Scamander and their other interesting prospects and have money to explore the exciting hit.
The SP is very low because punters are scared of a very dilutive cash raining coming down the road as the stock is sub one cent.
- Forums
- ASX - By Stock
- MLX
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-202
-
- There are more pages in this discussion • 104 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
|
|||||
Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
40.5¢ | 41.0¢ | 39.5¢ | $272.6K | 679.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 82162 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 132494 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 85840 | 0.400 |
12 | 281602 | 0.395 |
10 | 124375 | 0.390 |
10 | 100344 | 0.385 |
11 | 163357 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 132494 | 15 |
0.410 | 306634 | 16 |
0.415 | 192366 | 12 |
0.420 | 137512 | 7 |
0.425 | 161624 | 6 |
Last trade - 14.04pm 06/09/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |