MLX share purchase, page-9

Just speculating, but I would have thought based on copper and tin currently and the improvements available, conservatively Metals X would open around 60c to 70c per share. I wouldn't be surprised to see that in 12 months to be around $1.50/$1.80 if all things go well.

Westgold is a funny one though, I would think that might open around the $1.80/$2.20 per share which would give it a market cap of around $600m which is pretty low when you compare to Saracen which has a market cap of $800m and it produces about two thirds as much as Metals X does and MLX has pathway to 400,000 ounces, so I wouldn't be surprised if re-rates pretty quickly. Though MLX is a little higher on the cost curve.

My guess, Metals X is the smokey especially if Trumponomics take hold and commodity prices continue to rally and Aussie dollar stays low.

Whereas Westgold should probably merge with Northern Star to create a 1 million ounce company with long life reserve/resources.

These are my guesses only