MLX 1.10% 45.0¢ metals x limited

Ann: Paterson Province Indigenous Land Use Agreement, page-18

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  1. 3,067 Posts.
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    Care to explain? Why is it unfeasible? If one thinks the copper price will settle above A$4/lb long term it seems very feasible in terms of economics, are you referring to technical challenges? An open pit mine with relatively good grades (23mt @ 1.25% Cu) and existing infrastructure seems a hell of a lot better than many other options being pushed around - albeit a slightly large strip ratio at 7.6:1. Not without its challenges but if someone has the balance sheet (only need circa $100m for pre strip and contingency) and is prepared to take a punt on the Cu price then I think it’s very attractive.
 
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Last
45.0¢
Change
-0.005(1.10%)
Mkt cap ! $403.4M
Open High Low Value Volume
44.5¢ 45.0¢ 43.5¢ $545.3K 1.222M

Buyers (Bids)

No. Vol. Price($)
1 30000 44.5¢
 

Sellers (Offers)

Price($) Vol. No.
45.0¢ 369440 6
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