Last quarterly was somewhat disappointing as high grade ore was delayed... However it will now be mined and sold at a higher price than A$40,208/t, so was this in fact a masterstroke?
Given the balance of information here, looks to be a good quarterly coming. Tin price up (strongly) could fetch A$47,000 - A$49,000 for the quarter based on the LME spot price, so could see a 17-22% increase in price QoQ. Grade increase from Area 5 was delayed last quarter, expect this to be delivered this quarter, so could see an increase of 10-20% in grade QoQ, just need consistent milling and recovery and we could be on the way to a 25-45% increase in the revenue and cash inflow.
On the balance of this information and the huge cash pile, I see no reason to expect a poor quarterly.
MLX Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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