Looks low grade but low cost bulk mining and low capex opex and well placed to get permitted , nothing else in Australia is close to this . Harder to tell if the German asset is of value as permitting in Europe is difficult look at the other tin guys in Spain and the Uk. But it is an old existing mine so may even have existing mining permits . grade there looks better but deep and remnant workings . Europe has a stated critical minerals independence policy unlike Australia that may also help . Remeber these guys restarted Renison when it was a flooded shut down operation so hopefully understand what would be involved
MLX Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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