I like MLX-I bought more today. Over the next 3 months the new producing gold mine coupled with the additional ore 100 klms away will bring a massive increase in positve cash flow to the bottom line. Over $70 million in cash- no debt- 2 gold mines producing approx 38,000 ozs a qtr-Tin with positive cash flow- Enormous nickel holding with Samsung footing the bill (30% nett for MLX). When RDR bought the gold mine for $35 million it was a steal- then MLX bought it for a song -I think this mine produced over 20,000 ozs Dec 2013. So by buying the RDR mine a mth ago, for approx 10 Million, MlX added approx $100 million in assets for $10 million and thats not counting the 3.5 million of gold in the ground. I tell you I like it. Dont hold me to exact figures- check them yourself .
MLX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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