Personally I don’t know why MLX would look at SRZ which has inferior grade and mineralogy as Renison - it’s not like Renison is short of ore. Easiest value add is to just expand renison, open up more mining fronts post ventilation works completed and get the plant to 1mtpa. There’s 18mt of resource @ 1.54% Sn which at current ~720ktpa run rate is 25 year mine life AND it’s very much open down dip and they have other ground to explore. As Mark Thompson calls her “a grand old lady of a mine”.
Tin price, page-258
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |