JORC Proven mine life of a decade is pretty outstanding for a small cap.
Renison Bell has been alive for a century now, and new areas have been reguraly found by resourse drilling.
Ringrose will add another decade , Rentails is there too & already a decade proven in Area 5.
Also ,with record production last yr, we are still maintaining a 10-year reserve. Resource is well over 50 years but with JORC compliance, reserve is10 yrs proven at this stage.
And then all of this is UG,and imagine how far will the surface mining take this ...our own super pit tin mine like the one in Kalgoorlie ,WA?
Mine life is the least of the worry for now. I remember anytime someone ask about the mine life the standard answer was a" couple of years ",it truly is a couple of years because the price has to be economical to mine anything. Seen many mines with a very long mine life shut down and put into care and maintenance because the price tanked. This isn't something we need to worry too much about as the margin are solid and demand steady for tin so far.
MLX Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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