The closest to access Ringrose orebody from existing development is 720m.
I would rather MLX spend the money in developing 720m drill drive and then put a diamond drill rig there for resourse defination drilling.
That will be the biggest bang for the bugs given the current circumstances.
The company seems to thinks in the same track as evident by Bretts last statement.
Low risk ,High reward given the DHEM and surface EM loop surveys have already proved it as an anamoly.
Would not hold too much on the gold tho .Looking at the grades looks like a wash thru but who knows the resources defination drilling could hit some hiddend gold pockets ?!
Price of tin heading north with supply squeeze and some 4.7% Sn drill intersection with possible gold as cherry on top can't be too bad in a recession economy where Ni ,Li and othere are closing shop left ,right and center imho.
MLX Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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