The issue is to extract at a ' commercial' rate of return, with scaling possibilities.
MLX definitely doesn't have a by sort of protection moat, but the time needed to bring extraction to market with likely new Aussie ESG requirements, and access to market.
You would probably need about $50/t to get those pencil pushers to sign off.
Mind you, with the glacial pace that the company does anything, they probably need a decade buffer...
Change of subject somewhat, but definitely valid to current operations, I watched this last week.
I think one of the fellas who run it might actually loiter on here, so if you are into dropping a few pasos into mining stocks, I HIGHLY recommend you subscribe to them.
Their depth of analysis is amazing, and their candidness if refreshing. If you're a bit faint of heart, I do warn you that the language can be fruity, but fortunately no suits are harmed during the production of their episodes.
As a resource though, I find them absolutely second to none, with their insights.. Am a massive new fan.
https://youtu.be/4mN22H6IvJ4?si=NM87s0scrUL1eyKJ
MLX Price at posting:
30.5¢ Sentiment: None Disclosure: Held
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