MLX on Talk Ya Book, page-111

Latest analysis from NGE values MLX at $1 at current spot tin and FX prices:

"Our investment in Metals X (ASX:MLX) has performed very well,
after we acquired ~10.284m shares at an average price of
~A$0.195 in February. Since our initial purchase, the tin price has
increased ~60% to ~US$39,900/t as at the time of writing, and the
AUDUSD FX rate has decreased ~7% to ~0.715. At spot rates we
value MLX’s published mine plan – which is due to be updated – at
~A$1.00. This ignores any potential upside from conversion of
further resources to reserves, optionality provided by existing
infrastructure to tie in nearby tin deposits, and the impending
nickel assets spinoff."