I did a calculation of MLX profits above using $A30000 as the tin price.
Tin price is now around $A36000, or 20% higher.
That boosts revenue from $150m to $180m and profits from $33m to $63m or almost double.
The leverage is huge as price rises feed into untaxed profits and costs are unchanged at least in the short term.
The PE falls from 6-7 to 4 despite a rise in the share price which is starting to look even more ridiculous.
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 (20min delay)
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Last
58.0¢ |
Change
-0.015(2.52%) |
Mkt cap ! $514.1M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 57.3¢ | $1.166M | 2.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35405 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 238290 | 3 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |