has anyone looked at EMC and their Sc deposits (one is a JV with Jervois). when doing dd on MLM I always thought they might be my second choice after MLM...but now I am happy where I am, still under water but that does not matter at the moment. Once a DFS and another offtake (preferably with a big name (I like the Bloom story)) are secured and the project therefore derisked, and from the numbers (operating profit over mine life,...) this could easily become a 5x money multiple from where we are today. Always take the numbers with a bit of salt, though - we are talking about a market that is non-existent at the moment and the sensitivities regarding pricing, terms and conditions are somewhat unclear. let us hope that we can cover these uncertainties via offtakes with solid partners...
MLM Price at posting:
21.3¢ Sentiment: Buy Disclosure: Held
