Still have thoughts on the deposit 18km down the road as far as future expansion & creating a bigger tin powerhouse. With tailings project being further assessed over the the next several years , the thought is taking opportunities whilst our balance sheet is starting to improve & tin price is at a high. A consideration of a $200million+ tailings project as opposed to to 70,000ton+ resource which is still open at depth / laterally ? The market cap is just over $20million & I see a win/win possibility in our own backyard. Mineralogy is very similar & capex for project required is estimated at $60million with possible better returns than tailings project (still would like to do a proper comparison if I had some time?). Also think there could be some good synergies between the two projects. I assume it would be prudent for management to assess this possibility in the near future as a possible option. They have performed very well since our early financial doldrums & disposal of Nifty. Just my thoughts !
MLX Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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