Ann: Appendix 4D and Half Yearly Report and Accounts, page-5

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    WooHoo!
    Earnings per share for the six months of 5.44 cents per share.
    Net assets increase of ~ $AUD 50million from prior half year to 188 mill

    With the strong tin price prevailing since 31/12/21, at current share price 54.5, MLX is effectively trading well below a FY22 PE of 5

    Given the forecast rising production profile & expected continued strong tin price the current share price is bordering on farcical. IMO a share price north of $1.20 would be more than justified given negligible debt & its significant copper & Nico nickel assets...
    Raving
 
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