what price can they pay up to in buyback, page-6

"I think that the buyback price is at the discretion of the company, and would be reviewed on a regular basis to accommodate fluctuating market conditions, and to support the SP. They wouldn't want to reveal the buyback price in advance."

I think ur right there, gutumike, with the proviso they do not buy higher than 5% on previous day's vwap.
Still, 5% stacked day on day would be a good week or 2,3, or 4, lol.


Now looking for a clue as to what MLX may consider fair value, and we have this, from yesterday ;

"The Company has recently announced an agreement with Jinchuan Group Ltd (?Jinchuan?) to cancel
Jinchuan?s 176,000,000 shares in Metals X in exchange for a 20% direct interest in its Central Musgrave
Nickel Projects (?CMP?) (which includes the world-class Wingellina Nickel Limonite deposit). At the time of
the announcement Wingellina was valued at over $250M."

So ; 20% of $250m is $50m, divided by 176m (shares) = $0.2841 per share.

presumably these shares were offered at a discount, to bring Jingchuan 'to the table'-- my guess 15-20%.

Add another 10% if buyback is completed.

Rough calcs puts my number north of 35 cents !