MLX 0.00% 40.5¢ metals x limited

that’s a 23 per cent uplift , achieved in one quarter only, and...

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    that’s a 23 per cent uplift , achieved in one quarter only, and much lower if you aren’t so selective and look at longer historical period (ie one year).

    The LOM update assumes a 35 per cent uplift with no supporting commentary (unless I’ve missed it). As I said, happy to be proven wrong, but I can’t see anything in the market that substantiates the grade uplift that has been forecast.
 
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