Why wouldn't the cash build reflect margins? 400 tonnes were sold above what was produced so while production was poor sales were good. $1.5m from CN's and around $1.5m from interest.
They only received 46.7% of concentrate shipped so potential for that to flip the other way next quarter. Also interesting to if sales and marketing costs reduce as expected with the new agreement with the Chinese.
MLX Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
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