Just a small note on something that is developing that could factor positively on Renison plant-
Copper prices have been trending upwards for six months now. Unlike many other metals, MLE stocks are already 25% down on the December 08 peak, and trend to shrink very clear, almost a straight line down at a steep slope. This could cast a better light on installing the copper extractor which was an important part of the best-picture economics of the MLX tin plan at Renison, but was halted due to low copper prices. There is a decent amount of copper in the ore, and once the plant is in, its a bit of a freebie cash flow wise. It all adds up...funny but the three strongest metals are tin number one, followed by copper and nickel.
A tailor made suit for MLX. There is a light coming through the clouds and it is shining upon us.
For Wingellina too, the cost of sulphur is the biggest factor for the nickel plant, but it may be that some very prospective, more regional sulphur sources are popping up all over the place in SA all of a sudden. Black high volatility coal too, over at the CTP leases, near the old Ghan line on the SA/NT border. HEAPS of it.
MLX Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
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