750m will be an extension of the current development drive. The vent upgrade is complete so this will be an very easy underground development. No doubt it will be the priority heading in this Quarter so they will turn 2 cuts a day( one each shift).
Assuming average round of 4m/cut, development will be complete in 93 days . Then production drilling and drill and blast can start. Haulage will be no issues as it is so close to the surface too.
With that kind of grade the market either doesnt understand Underground Harkrock mining or sleeping.
Either way buy ,accumulate and hold now. Reminds me when it was $0.088.This is the same period. Ride coming,old peak hasnt got much to offload now.
Enjoy the turnaroun.
MLX Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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