If you are referring to the underground operation, maybe so, but Nifty has 10 years 1.2% copper opencut resource to mine also to produce 20k tons a year. Plant there. Ready to go. All it needs is the usual overburden shifted to start, ratio 7 to 1, not bad as it goes. With copper prices where they are a strong profit could be expected. Then there is Maroochydore and the exploration leases in a hot province. The underground resource is big and a bonus, but it will require some deep pocket to turn it around. This may be provided by the good profits from the OC operation.
I would be surprised if the offers were under $100 million.
MLX Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)