MLX 0.00% 45.5¢ metals x limited

Yeah there’s definitely a lot of guess work. I’m more or less...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,067 Posts.
    lightbulb Created with Sketch. 1853
    Yeah there’s definitely a lot of guess work. I’m more or less assuming they ‘high grade’ the high grade zone and there’s some 15-20% dilution so land at a 2% feed grade. Ie no uplift from the ore sorters.

    I spoke with the company maybe 6 months ago re the ore sorter - he said they only put around 35% of mined material through the ore sorter (can only take a certain sized material) and they typically reserve it for when they bulk mine low grade areas - said it gets rid of around 50% of waste, works on rock density. So I really don’t know how it works so have ignored and left as upside.
 
watchlist Created with Sketch. Add MLX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.