If copper goes and nifty's AISC goes down as you suggest, MLX will be close to $1 if not higher without any change to Renison. I invested hoping those numbers would materialise (as management have continued to suggest is possible), but they haven't and the SP sits where it does now.
I'm not following why you think Renison production needs to increase. It is currently profitable. All they need to do is extend the mine life not increase production.
MLX Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)