MLX 1.20% 42.0¢ metals x limited

Agree with the first part of your post but Stellar is a POS and...

  1. 3,045 Posts.
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    Agree with the first part of your post but Stellar is a POS and you would need to acquire it as the Bluestone JV (MLX could not solely do it or you lose the synergies). Much better opportunity exists at Ringrose imo.. a lot closer to surface, a lot closer to processing infrastructure and appears to be better grades/met. If they can define a 1-2mt orebody there (have mentioned 200m x 250m resource size with circa 10m hits.. all open.. which using 3.5SG is 1.5Mt) then you can bump mining up to 1.2mtpa and do a mini plant expansion to take the added feed (might add 3,500tpa of tin). This is the most promising prospect imo.
    Last edited by Cashmeoutside: 14/02/24
 
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