The announcement with it's IRR estimates is in itself exceptional and indicative of the upside I see in MLX.
However, and hoping not to be too sanguine, the real cherry on a fumer then allows for:
1) higher recovery from the current gravity tin separation at Renison.
2) improvement of the profitability of ore being mined thus lowering cut-off grade for ore.
This may now be hugely significant now, but it will be if tin prices fall. it improves on the result that has kept Renison going for over 100 years (I'm not sure if that is continuously but I believe so).
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $474.2M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 56.0¢ | 53.5¢ | $1.208M | 2.219M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 111209 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 93914 | 2 |
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| Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |