MLX has a couple of advantages at this stage russell. 1 they have more liquidity. 2 they have a lower share price which enables more movement without disturbing traders (gives them the feeling they can double their money easier than if the shareprice is $3.
MLX's project has much higher capex costs to get it going. its remoteness is an issue but not insurmountable. also the grade of ore compared with TZN is different. TZN's zinc is reasonably high grade good quality ore. MLX's is low grade and requires more processing but MLX has an absolute poltice of the stuff.
i think its a very interesting play and i havent even considered the tin yet. Major shareholders of the quality of Jinchuan are also a real bonus. It looks like it could break out tomorrow. cheers
MLX Price at posting:
0.0¢ Sentiment: 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)