MLX 5.95% 44.5¢ metals x limited

Ann: Cannon Mine Go Ahead Approved, page-4

  1. 191 Posts.
    My back of the envelope calcs says this announcement will deliver a net profit of $2.5mil second qtr next year over and above the cash flow and what I believe would be a component of profit therein associated with the milling of SAU's ore - a tidy little earner whichever way you look at it! A value add of just over half a cent a share or thereabouts!
 
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