With tin booming and set to continue for 5 years, MLX is the best stock on the ASX for tin.
Metals X is the only major tin producer in Australia and the Renison operations produces around 2.5% of the global supply of tin. Renison's production is 8,000 - 9,000 tonnes per annum.
Renison is further expandable in copper production by another 1000tonnes to 2000 tonnes every year.
What investors have to look forward to with Renison is that it has significant exploration potential. Further tin and copper reserves are expected as it is in a massive tin system!
In addition to Renison and further building on top of the initial 2.5% of MLX's global supply of tin is The Rentails Project. This is the application of new technology and tin fuming for treatment of over 18,000,000 tonnes of historic tailings from the Renison Tin Concentrator. Annual Production: 4,500 - 5,500 tonnes of tin and 1,500 - 2,500 tonnes of copper!
The Rentails Expansion Project is capable of adding EBITDA of A$70Mpa, 5,000tpa of Tin!
Make no mistake, MLX is Australia's largest tin producer and is a majore global supplier of tin.
MLX's future is getting brighter and brighter and this stock is heating up big time from here!
Newminer.
MLX Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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