Thanks for the insults again Brenden- instead of using llogical argument waffle on more rubbish.
For the benefit of other viewers of this post the PON is irrelevent to the company. The company is involved with nickel in 2 ways-
1) Royalties from nickel projects managed by other companies. MLX earns around $10 million at todays prices. If PON goes up a lot it could be $12 million. Less than 1c per share. This money is presently being used to cover the losses at Collingwood.
2) Wingallena Project. MLX can expect to earn royalties from this project in another 10-15 years time if it proves to be viable. There are certainly no proposals to develop this project at the moment.
The company has staked all on the Renison Tin project for its viability. There would not be too many people in the mining game who would believe that MLX could make a success of this project- it tried before and failed.
MLX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
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