MLX 3.53% 44.0¢ metals x limited

I don't think it's going to be a goer at this stage due to:1....

  1. 3,445 Posts.
    I don't think it's going to be a goer at this stage due to:

    1. Low nickel price
    2. High sulphur costs
    3. Credit lending nervousness
    4. High capital costs and
    5. Shortage of labour and very expensive

    Several established mines have closed and these is talk that some like Minara are borderline profitable.

    However, things might change in the short / medium term. Could be a fantastic bargain if the decision turns negative as the tin production leaves it on a low pe.

    I prefer the Rentails project as the fundamentals for tin look fantastic and the much lower capital costs.
 
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