Rather than pump up a stock let’s analyse Nifty shall we. Even with the company’s own admissions and plan this mines breakeven cash position for the next three years is US$3.25/lb, US$2.56/lb and US$2.54/lb. That’s just to breakeven, and that’s using the company’s generally bullish assumptions (which have been revised downward since the reset plan).
I agree this company is worth much more than what it’s trading at, but it needs to seriously consider placing this mine on care and maintenance. I’m with APAC.
MLX Price at posting:
16.0¢ Sentiment: Hold Disclosure: Not Held
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