Dear Stellar Holders. It is no secret we have a global first quartile resource less than 20km from Renison Bell.
Does this move by MLX make sense to you?
0.45% Sn expansion project. Will require huge money to prove up and additional Opex given the low grade.
MLX has 112 million in cash and no debt. They could secure this massive high grade resource extension at Stellar for absolutely peanuts. Sometimes I don't understand how corporations tackle future planning but this looks like a no brainer.
Confident to hold and see when commonsense "takes over" - excuse the pun.
renison expansion project
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