Don't forget MLX has almost $90 million liquids, beg. of quarter, incl $33m cash, and the rest in concentrate waiting for the ship, and a range of stocks bought or swapped at various times. Add to that receipts of $35-$40m from the January shipment. No cash problems here. Renison improvements up and running producing even more cash flow. No income tax to pay. Reckon the lower production is because they are starting to clear access to the new higher grade areas, especially in the down dip direction to the SE. Will have to go through areas with no ore to get there. Defined copper resource base growing fast.
MLX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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