Hope you're right SBL. I would be happy to see them sell off Wingellina, put some of the proceeds into acquiring a bigger holding in Westgold and Mongolian Res Corp, and fund the accelerated development of the gold projects.
MRC appear to have prospects of near-term (2012) development of both underground and open pit mines, with two high-grade projects plus the alluvial gold deposits. The iron ore project reasonably close to the Chinese border could also be a source of near-term cash flow. Not sure about the coal project, but could be a nice bonus to add to the au and fe projects.
If MLX could bring the WGR Rover project and the Aragon/Fulcrum deposits into production in conjunction with the MRC projects, in addition to their existing production, they would be a very sought after investment.
Mike
MLX Price at posting:
25.0¢ 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)