If you think POG is going to hold around $US1200 & $A to remain around 87c US then buy up as cash flow will be good at TCCOS of $A845. Forward sale is only a small % of annual production.
Tin is the issue at present IMO. There CCOS has gone up & Tin price down, it must almost be costing them to dig it out of the ground at present price. I can not understand way the CCOS of Tin has gone up so much as it was around $A15000/T not so long ago & last quarterly was $A19520 !!. This mine has been mothballed before in the Bluestone days, may happen again.
At what price would MLX drop out of ASX300 ? that maybe a worry for some also as that would be a HUGE sell off & drop in SP.
MLX Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
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