With this weeks pull back in commodity prices (other than tin of course), it's possible that the market is throwing the baby out with the bathwater, ie. MLX is being sold off with the rest of the resource sector, even though tin prices are holding up well. It looks like funds have moved in the last few days out of mining and back into some of the other sectors, financials etc.
I very much hope this is the case and nothing more. I cant help but worry about the feasibility study due out on Wingellina, given all the problems MRE is having with a similar style nickel deposit. Perhaps this is contributing to the sell off in MLX?? I believe the study is due out this month so we will find out soon enough.
Production is due to start at Renison next Friday, so hopefully we'll have an update from MLX in the next week.
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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