Is Mlx a quiet archiver.
Nickel-Cobalt
There're some interesting feeds about cobalt's scarcity while nickel explorers are being pressured by Indonesia's intervention.
Cobalt is a by product of nickel. Without nickel no cobalt
Mlx is world class nickel-cobalt explorer/producer in the boder of wa-nt. The company said it will look closely at prevailing nickel price to ramp up nickel-cobalt.
Nickel is still a short target and mlx is a better place to hide with strong value play compare to wsa, igo and other small explorers.
http://ca.pressfrom.com/news/technology/-7461-no-cobalt-no-tesla/
Nickel players should be backed by Trump's supports for the US high tech companies especially Auto industry with the icon "made in usa"
Cheap li-ion or EV batteries are not good solutions in light of Samsung's dammaged reputation for its ill fate note7 so nothing could replace the niche materials graphite-cobalt-lithium regardless batteries sizes.
Cobalt recovery ratio in nickel is low.
Mlx's reserves contain 1.56 mt of nickel and 122,000 t co that is to indicate cobalt is rare and price should exacerbates greatly compare to abundant graphite and lithium but I think those niche materials will have a long way to run.
I did look at sim metals which is having plays in the US but it's very hard to recycle cobalt in li-on batteries and the complexity of EV batteries. It's uneconomic because of labor costs rather than energy consumptions
https://www.researchgate.net/public...rom_hydrochloric_acid_solution_of_alloy_scrap
Tin
Company installed ore shorting machine that will sure boost its ore extraction in Rentail extension where reserves contain 100,000 t of sn and 50,000 t of cu.
The company said it's a strong economic sense at today tin price and copper price (IMO)
Copper reserves will make tin a more viable project with reduced operation costs in the future with added reserves
Cobalt recovery rate in copper is lower than in nickel but I think cobalt recovery rate in Rentail extension should be higher because cobalt is found mostly at multiple metals plays.
What's about tin inventory
Company said it's accumulated 30,000 t of sn at today tin price at 29,000 per tonne.
Mlx should be re-rated and a stock to hold for a long, long time.
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