Destria, my points are: a) of the gaggle of Sn explorecos which will be best in breed, ie. most profitable path to production, and; b) a further strategic investment in the Sn space (an exploreco) in order to complement my MLX investment, this is sometimes known as a "barbell strategy," producer + exploreco.
The search for that other piece of the strategy by nature highlights the solid stature of MLX, eg. positive cash flow from production (a subtle ramping of MLX contrasted with the perpetual cash raisings, studies, drilling, etc of the exploreco universe.) Drilling euphoria, sometimes justified, is the motivation to buy a junior.
I was wondering what others thought.
Apologies for any confusion.
OV
MLX Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)