Will it go something like this?
1. Initial bad June q report due flooding at coast. Nifty.
2. Sharp build-up deliveries to ships of concentrate from Nifty previously delayed. Cash surge.
3. Very substantial ramp-up of production at Nifty, as better ore areas begun. More cash.
4. Good progress towards boost in production from Ravensthorpe re ore sorting. More income.
5. Announcement of construction plans for tailings plant at tin mine. Hugely viable.
6. Fast tracking Cobalt/nickel leaching operation at Wingellina. Cobalt prices likely to stay high in foreseeable future. Battery demand. Much lower estab. cost than previous metal plans.
7. Possible circling by majors to get hold of Wingellina re Cobalt/nickel. World scale deposits. Battle bidding?
8. Announcement of very significant further ore reserve increases Nifty and Ravensthorpe.
9. End of selling by large holder Black...whatever.
MLX Price at posting:
72.5¢ Sentiment: Hold Disclosure: Held
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