If I can add to that. When you have a huge resource and reserve life. One thing you can do is target the high grade for production to maximise revenue. That's what MLX is endeavoring (nearing) to do.
Ordinarily doing that, "high grading" is a mining no-no, because it reduces mine life as it leaves the residual lower in grade thus reducing mine life, which is based on the economics as per the commodity price.
Doing what we are, and having a 5-year mine plan, shows the quality of our ore body and confidence in it (viz. using it like a cash "milch" cow).
Cheers
As
If I can add to that. When you have a huge resource and reserve...
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Last
43.0¢ |
Change
-0.005(1.15%) |
Mkt cap ! $389.6M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 43.0¢ | $1.203M | 2.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 150551 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 12636 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
43.0¢ |
Change
-0.005 ( 1.13 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 44.5¢ | 43.0¢ | 875975 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| MLX (ASX) Chart |