MLX 8.25% 10.5¢ metals x limited

no runs on the board

  1. 59 Posts.
    Hello....collingwood mine to close down,suprize,suprize,suprize;tell us something we did not know 2qrtrs back.With operating costs of (A$/t)at $22,000 and $17,000 per ton we will need the price of tin at $25000.No management does not have my vote of confidence,i personally think cost over runs due to inflation,equipment shortages labour issues low ore grades are some of the factors not fully understood prior to start up of old mines.Take a look at view resources monarch struggling along at davyhurst just a couple of many juniors not doing it easy.management have to take responsibility for their decisions; i will wait until the runs are on the board in regards to the renison project;wait to see first qtr results....cheers
 
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