Reading the media write ups it appears that MLX can run them much leaner, plus MLX can do it without the debt costs, plus there are synergies with the other MLX gold holdings that will bring cost efficiencies.
The price when you value the gold in ground was pretty low, so Im expecting MLX can now do a lot better than bank interest with that $40m cash they had.
Still holding $40m cash for other ideas. Personally Id like to see the Rentails project up and running while Tin is at a high, but everything says the tin price will just keep on rising in the future so patience may be a virtue long term.
MLX Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)