If you ignore the establishment fee the loan is ridiculously cheap for a jnr miner (BBSY + 1%) so not sure I’d call it expensive but agree with your other points. Let’s reserve judgement on the call till the quarterly comes out, if the monies is being used to accelerate ramp up / expand into this very bullish tin market then I’m all for it.
MLX Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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