You can say that but if you add the value of MLX plus WGX someone created value, further the jury is out on both of them. IMVHO the more entrepreneurial part of the original MLX culture was Cookie and he's with WGX. MLX now is much safer OK thy're struggling to get Nifty up to cash flow positive but MLX as an entity is solid. I've said before if they ask me for a rights issue at this price I'm in the full expectation it will go higher either by cash flow or T/O. I don't see Perennial who are value managers (or other Value managers) selling out. I've got OZL as well and note their near deal experience in Zn a few years ago current resurrection and need to get Carapateena up and running properly in quick order once production starts.
I suspect analysts put-down numbers on paper and it's a little bit tougher to actually mine the resource profitably.
MLX Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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