Without going back to check, didn't they mine the high grade areas to pay off the purchase price, now they are back into the lower grade?
They have assembled a diversified portfolio of mines, purchased at the right prices, and are pursuing a strategy that, so far, has worked extremely well. Yes there are risks, but I think these guys are shrewd. If we get to 500,000 oz per annum in 2018, its going to be one serious company.
MLX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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