Personally ,I would also like to see phosphate given pride of place in the MLX stable .Some of the metal prices are now sow low as to be unsustainable for the medium term ,and there is a lot of projects being put on the backburner ,mainly Zinc ,Lead and Nickel .This will create the same position the Chinese found themselves in before .Not enough resources to satisfy demand .Hence the yoyo price .I expect the Wingellina feasibility to be positive due to the huge advantage in lower sulphur costs for Wingellina . Roughly half of other comparable projects .There is still expected to be a 250,000t deficit for nickel in 2012 assuming all slated projects come online .That is a lot of nickel . We may see some of the more marginal projects put on the back burner also ,but I believe Wingellina will be higher up the profit curve than many . The phosphate deposit that MLX have in WA would certainly not have the stigma of huge capital costs associated with it ,and could be highly lucrative . I would be pushing it to the maximum speed possible . The Aragon tenements also look great .
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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