Some positive coverage in the latest ITA newsletter: Our view: Although it has been a challenging year, with COVID disruption leading into processing issues, things are looking positive for Metals X in the new year. External consultants are now working on trials to identify the most appropriate methods of dealing with the high talc grades. If resolved this will increase grades and recoveries to prior baselines.A lot of progress was also made on the Area 5 Upgrade in the fourth quarter, which on completion will lead to higher grade material being processed. With the addition of higher-grade stopes from Leatherwoods later on in the year, costs are budgeted to continue falling.
MLX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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