Nifty? This quarters results are worse than the last quarter, financially and physically. I will get on board oneday but I'm not going to waste my money and potential earnings investing on a feel good story with a negative result. Don't get me wrong, MLX will be a great undervalued investment but IMO you're jumping on way too soon and you would be better off getting interest in the bank, while you wait for the turn around. Drill results don't directly equate to reserves. The NE lodes have had their share of failures. The western extensions are at a difficult orientation and will require a complex mining solution. Resource definition hasn't been the highlight here, especially with some regions suffering losses and others getting gains one quarter and then things changed the next. I know I wont catch the bottom of the up turn but I will keep an eye on their reports and get on it for some of the ride, but that seems to be a while away still.
MLX Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
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