Looking at ABC reports etc. 3 cyclones in two months. Hilda, Joyce and Kelvin. The Great Northern highway looked (still does dont know) like a sea from horizon to horizon. This is all inland. Question is-how would the trucks be able to get through carrying concentrate out and supplies in? This is critical for cash flow for the Nifty mine. It uses dirt roads. Not a word I have seen from MLX management.
It has been freaky up there. There was already a huge backlog of concentrate to go at the end of the December q and it must be much worse now, unless they can master truck levitation? So January and February were mega rain and more looks quite likely. This is not the normal wet season stuff.
Why? You heard it first here. The southern Jet Stream is going wild, just like the northern one is, moving north, with the Solar Minimum. These cyclones are being triggered by islands of cold moist air coming up from the Southern direction. The North Atlantic surface temp has cooled 6 deg in last 10 years.
Forget all about so called global warming. Bin it. Its total BS. We are going into the beginning of a little ice age, to last about 400 years, like the last one. All to do with the Sun. It is sending less energy out. A lot less. It has started. Things are going to get very hairy now.
3 cyclones in 2 months when the average has been one every 2 years in the Pilbara.
MLX Price at posting:
84.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)