Metals X Limited is a stock that can easily be compared to Minara Resources, which is capitalised at $A2.6 billion. The difference is that Metals X has some tin projects in Tasmania, but they have world-class nickel resources, its just that Minara is already in production. MLX is capitalised around 10% of Minara, but is just 2 years out from nickel production. The MLX nickel project can be expected to have a similar scale of production. In the short term it seems destined to range trade between 25-45c, but nickel stockpiles are showing signs of flattening, so might we expect to see some interest in them. I dont see them falling to the 13c support in this climate. This is a good long term stock. Read more at Google Finance and see my discussion forum.-----------------------------------------
Andrew Sheldon www.sheldonthinks.com
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