IF there's a Digger and Dealers bump then isn't it nice, even Nifty, to release positive (Great by some interpretations) drilling results, rather than the always sparkling presentations.
Fresh from Kalgoorlie:
Sam Berridge, Perennial Value: Perennial Value: Metals X (MLX)
Metals X reported an exploration intercept 1000m down plunge from the existing reserve, which highlights substantial upside to mine life and gives some validity to the long term sustainability of MLX's 40ktpa production target. Further, MLX's presentation highlighted numerous high caliber exploration targets. Most of which have had mineralisation already confirmed. Further drilling needs only to determine tonnage and grade.
...and if we weren't so smart already by picking MLX, there's the prospects for the underlying commodity, Sn:
Hedley Widdup, Lion Selection: Tin and Gold
I think tin is the metal that hasn't moved yet in the battery / semi conductor thematic, and it's pretty well recognised that there is little new production approaching whilst some older sources of supply are dwindling. Gold - I love investing in gold mining because the commodity bestows fewest risks on the project. It's generally very easy to liberate and simple to sell, and requires no logistics infrastructure so projects can be scaled according to capital availability and deposit understanding. The fundamental looks positive too - gold tends to do well in low or negative real interest rate environments or uncertainty.
https://www.livewiremarkets.com/wir...ail&utm_term=0_1911ffeed5-a818f7262d-82855649
... the BATTERY space! I recollect that MLX has some Co buried somewhere! Nice.
OV
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metals x limited
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $474.2M |
Open | High | Low | Value | Volume |
55.0¢ | 56.0¢ | 53.5¢ | $1.208M | 2.219M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 111209 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.5¢ | 93914 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 77209 | 0.535 |
13 | 148203 | 0.530 |
5 | 178723 | 0.525 |
17 | 218020 | 0.520 |
5 | 59499 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.545 | 93914 | 2 |
0.550 | 25914 | 2 |
0.555 | 16837 | 3 |
0.560 | 183078 | 4 |
0.570 | 78598 | 3 |
Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
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Ron Miller, Non-Executive Director
Ron Miller
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