Note the relatively shallow depths of some of the many long intercepts. Goes to strip ratio and ultimately AISC.
MLX has FCF (profit). That's obvious. Let me remind some "old hands," and tell newbies here of those mildly anxious memories of any exploreco whose ONLY business was funding drilling/assaying, drilling/assaying, drilling/assaying; then SPP; repeat. MLX self-funds. Therefore the risk changes from trying to deftly snag a SP near/below the SPP, to not being on the sidelines IF killer intercepts are drilled.
For newbies: This nr is 23 pages. It precisely details EACH hole drilled, depth, angle, location. This is not only instructive to pros and amateurs, it goes to INTEGRITY. Some explorecos deliberately omit this detail because it hides smearing, twinning, and possibly fraud. Your money is put to work to fund drilling, not management's lifestyle! Watch for the detail or beware.
OV
MLX Price at posting:
71.8¢ Sentiment: Buy Disclosure: Held
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