Developing out Area5 is not going to be cheap - new ventilation, dewatering, stope development (given the weak surrounding rock/dolomite stope designs have had to change) . Add to that the metallurgical improvement program and replacement of the loader they lost last quarter. I don’t think they’re out of the woods yet but look forward to the A5 study in the next couple of months that should shed more detail on timelines and capital requirements.
MLX Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
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