This is the forgotten phosphate play of the asx.We know there is phosphate and potentially lots of it.MLX is doing a lot of ground floor work on Agaton . Big plusses for this project include close to rail and highway .Close to Perth,ready market in WA, and being a sand would mean exceptionally cheap resource drilling , mining and processing costs .Drill samples have been taken recently , and testing is taking place . Another advantage mlx have over some of the smaller hopefuls is $78m cash to get things moving and technical help from Jinchuan at their disposal . If it stacks up ,this deposit could be staggering in size.Expect to see some news on Agaton in this quarter .MLX is underpriced on its Tin assets alone so absolutely no value has been given for phosphate ,or the world class Wingellina deposit.
agaton phosphate
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49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $443.8M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 50.0¢ | 47.3¢ | $1.594M | 3.257M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10749 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 309380 | 3 |
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| MLX (ASX) Chart |