What is interesting with all these investments the project NPV is calculated using a 30k USD tin price. This to me reflects the fact few projects are in the pipeline globally .
I think MLX have timed their elementos investment perfectly . Executed while SP very low and Tin price robust, seems like a great move
the main prize is undoubtedly greentech and I think cash may be conserved until that moment. If they use cash to buy Greentech it will offer a far superior IRR than buying back own shares so I think let this play out first before we discuss best use of cash because Greentech is by far the best use of cash
MLX Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
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