Stuck on Valuation of $250 million forever,with ~900 mill on issue.
This is fair value at least $ 500 million with now effectively only ~800 mil on issue.
Not hard to see where the stock price is going .
$0.625 not far with this quarter almost over ,old peak virtually taken out with one announcement and tin making a gigantic move upwards.
This was once $1.72 westgold days,also could argue was 0.08c Nifty days. All different management mining from gold to copper and thank god we are not in the Nickel bussiness now. Divesting from Wingellina Nickel and selling Nifty was the best performance Brett and APAC have done.
Dont believe ? Look at the state of the Ni mines now. Also Cuprium who took over Nifty from us . From Bankruptcy to Buy backs. Money talks ,all the rest take a walk . APAC and HK money
MLX Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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