Like many here I'm watching Sn because it's going UP. Also, like many here I'm watching some Sn explorecos because I like the Sn space. Their essential problem seem to be the lack of meaningful ca$h.
From memory any cr I've seen has been small cash with much dilution. The cash part's size is about enough to pay any ASX fees, accountants, lawyers, small staff, phone, rent, and keep the lights on. Full Stop.
Drilling. That's their bread and butter, not tweaking any study. When/if/if NOT they drill the point isn't necessarily to expand the anomaly, it's to light a fire under the sp. This concerns me. In desperation would they "twin" a hole? Would they "smear" a drill assay? Width, or true width? Management is absolutely, fundamentally, paramount. Think: their integrity foremost.
I'll still watch them, wait, but buy the next MLX dip, because I like Sn.
OV
PS WGX is a sweet BIG goldie isn't it, but that's a post on its board.
MLX Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
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