Of course the problem for many mining companies (not limited to...

Of course the problem for many mining companies (not limited to base metals) is the lack of appetite to invest. The exception appears to be gold mining companies in Australia where the weaker A$ has helped and the US$ price of gold is very boringly steady, at least for the time being.

Base metal prices vs the US$ are at 5 year lows and we need that to turn around or at least for the A$ to fall a lot further.

MUX will need a ton of money to progress drilling and development of the flagship King Vol resource + a bucket load for the mill.

Whether another bid will eventuate remains to be seen.

Maybe Auctus ups the ante but still far too many conditions and some of them really stupid