Joining the party here. EV under $100m (yes I know cash will burn but it will provide increased cashflow so that is ok) for what should become a 30ktpa Cu producer + 5ktpa of Tin to MLX.
Assume $2,000/t margins on Cu and $12,000/t margins on Sn (in AUD) that gives EBITDA of $120m. Not bad for current valuation. A lot of risk priced in here currently.
Cu in particular is leveraged fairly heavily to price. Movements either way will have a big impact but Cu should see favourable moves MT. I like Sn
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)