Citi is willing to fork out $35 mil and remember they paid 67c when there was C.R last Aug $50 mil.
$10 mil project spent this Q and the broken stocks not being processed as they're running the mill in campaign basis.total mine prod. was same as previous Q ~4000t Cu ( include the 1000t broken but not processed stocks ).
Also , they are being transparent and have indicated they got $11 mil cash .Ship being loaded now as we speak and additional payment ( already included in the working capital ) will convert into that $11mil plus inventory sold so they wont be needing to tap into debt too soon( although given very soon ). also they got only 300k worth of their shares investment to liquidate now. Sellers are exhausted, thus would have crashed hard like numerous other previous Q's .Building support here and the development rate of more than half a kilometer per month is quite impressive.All that development will lead to the sweet holy grail soon people.....
MLX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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