Well looks like you got that all wrong. Quarterly was much better than expected, with $43m in cash, the majority of the costs of putting Nifty on to care and maintenance already paid, with the monthly costs of keeping Nifty on care and maintenance DOWN 25%, and the Tin Division profitable, and earning $25,000 per ton for tin, against average costs for the year of $17K per tonne. And they have just recorded one of the Top 3 drilling intersections recorded on the ASX (in the last week) for any metal (gold, tin, nickel etc all combined). It has steadily been rising since the quarterly came out ... and the seller side is looking very thin.
MLX Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
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