With the recent alliance of the Jinchuan Group involved with advancing the deveolpment of the Wingellina Nickel Project, MLX is a standout IMO.
213ml tns Avg Gde 0.95% Ni.
Just think about it.
Jinchuan is China's largest Nickel Producer and the 4th largest Nickel producer in the world. It produced 102,000tns of Nickel last year and obviously wants to up the ante with fast tracking the Wingellina project.
Why would they invest 13% into MLX if they did not think they were going to benefit greatly?
As well, there is also the "Tin Factor"
If you haven't read the last announcement, i would suggest you read it a couple of times to understand the magnitude of this alliance.
IMO, this stock is way undervalued and worth hanging on for the longterm, without doubt.
Where do you think the Spot price will be of Nickel next year and more importantly MLX given the enormous supply shortage?
The Chinese have a fair idea, thats why they are window shopping now in the hope of picking up some future bargains.
DYOR.
Cheers markco2
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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