IMO
No. Forget Tasmania
MMI has location advantage Weipa - and expansion tenements .
There's no point in leverage a lower cap if it's multiplied by zero at the end .
I.e - back the play that is going to move ahead into real cash flow cow . Not an excuse list .
It's all about offtake into the bauxite market .
Contemplate that you are the Chinese client - and the market softens - you want the supplier whose logistics give them the advantage to keep operating at lower prices .
ABX would be still trying secondary markets like fertiliser .
Who do you cement a relationship with ?
Further the upside on MMI with no further dilution - small capex debt funding in process offers many bags.
Both MMI and ABX have been around a while . Who is moving ahead and who is making excuses .
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: - 22 May
Short Term Trading Week Starting: - 22 May, page-109
-
- There are more pages in this discussion • 133 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online