phoenix lime

Just been going thru their annual report and not sure how I've missed this before but MLM own 100% of a limestone company called Phoenix Lime. This company in fact is already selling quarried rock.

The important thing however is their limestone assets, given that MLM NORINCO project is a nickel LATERITE project.

Limestone is a key cost input in laterite production.

So the fact that they will effectively have their own supply of limestone will be a significant benefit in the economics of the project.

Find something new to this company everytime i look at it!

Cdchi1