I have just again read through the exploration results for the third qtr. They read better than generally good for the most part with a couple of fantastic efforts. There are two holes in the Central Murchison called Yellow Taxi and Whangamata. The intercepts in these two locations read exceptionally well, to a depth of just 42m. I think those in the know would fully appreciate the value in these results. As time passes it will all come to the fore with a broader investment community fully appreciating what these guys are onto. Appreciating = appreciating asset base. Like property that gets upzoned - it appreciates! MLX is improving the value of its property all the time. The last results from Rover last year were outstanding. The big wet has just past and I suspect they'll be wanting to release some more outstanding results as soon as they become available. News like this builds a solid foundation off which the current share price will leverage - hopefully! And btw, we have $120 mill in the bank ...
MLX Price at posting:
$1.53 Sentiment: Buy Disclosure: Held
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