You should look at the "other" next door neighbour in relation to expansion of tin development. Their market cap is 27 million, 10+ year life , at these tin prices have a payback of 1-2 years, still drilling & awaiting several results which have hit tin at levels below current resources (awaiting for grades late next month), need about 60 million to construct separate plant (if required), doesn't have possible "Tarkine" type issues, has similar metallurgy & will be drilling a possible deep source money hole at about 1km deep in next stage drilling. With our possible 60 million in cash at the the end of the year, opportunity awaits including helping the environment with the Rentails project if it goes that way.
MLX Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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