There are other mining companies with the same problem of having a resource with a lower metal content and lacking a rich lode to balance the mill feed input. I agree with you that MLX has prudent management and I feel that this capital raising will undoubtably benefit all in the mid to longer term. Management have stated where they intend using the funds and one of those considerations - exploration may hopefully find some better enriched deposits.
MLX Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
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