Rough guess, cost is up 50% vs 5 years ago if other mining projects are anything to go by. But no point guessing. Have to wait until the updated DFS is out. Still think it will be tough to go ahead with Rentails at this juncture. If tin stays at US$24k/t, MLX's net tin price is likely to be only A$31k/t. So Renison cash production will fall to about A$10mn a quarter. I hope management will only press ahead with Rentails if a turnaround in tin markets is more plausibel. Right now, a recession and a further drop in tin prices is still a very real risk. No govt and central bank bailouts on the horizon either ...
MLX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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