Think about ongoing mining and crushing costs. The deposit is right at the surface and in fine grit firm so little crushing required. There are deposits of material within 100k that can be processed to produce the acid, there is artesian water below, and nickel and cobalt are low bulk high value metals as far a transportation is concerned. There are gas fields not all that far away over the NT border (Mereenie etc) . Have read that capital costs are high but seem to recall some investigation of heap leaching possibility but only vague now. It is all proved up and known, and there is another large but comparatively a bit smaller deposit of similar nature close by, and under the same lease. Just a few thoughts of a long term watcher. Its also quite a biggie, scale wise.
MLX Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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