If you take the mid point of tin guidance i e 7750t then tin production for the final Q would be 2275t of tin. Therefore production continues to increase and production costs will continue to decrease as largely a fixed cost operation. Earnings and cash flow will continue to increase assuming tin price does not collapse. This is before the increased tin grade that will be mined in the 2020FY which will increase tin production once again. If the shorts have decent models they will be very nervous. A lot of stock to buy back.
MLX Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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