No waranty the copper price will always keep going up but mining cost will going up moreever it is contract mining. It is not polymetalic mining operation with high stripping ratio and plenty of yg stopes so it is very risky operations both safety and economic. The scoping study provided is to meet directors interest rather than being done properly. The directors plan to do DFS with $ 10m spending is wasting money. The directors are not sensitive about preserve the money during current difficult economy condition . Other companies try to reserve the money and keeping the cash but these directors doing opposite things. It is very reasonable for APAC to get rid of un-sensitive directors. They act like shopers instead of managing shareholders asets carefully.
MLX Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
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