MLX 1.88% 40.8¢ metals x limited

TAM Investment Research- re MLX investment., page-17

  1. 3,935 Posts.
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    No clue, sorry. It could be a chance that if CTJV gets plant refurb. (if req) and up and running they will concentrate on the Groundrush high grade rather than milling lower marginal ore with it, so the plant would not have to be run 24/7. This would mean spare capacity would exist if wanted,and possibility of processing PRX ore, which is fairly close by, either on toll or some sort of JV. High grade gold travels well. Looks like PRX asset is open cut potential.Its not that deep though the reefs are not that thick. Be good to get a return on the $200 m PRX has gone through so far exploring over the years.
 
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