Well, thank goodness we have a LITTLE good news on what is another day of market weakness.
With tin trading at US $20 243 US/T , we are sailing very close to operational net losses at present, so the little nest egg that I specifically have bitched ad nauseum about constantly, may likely be our saving grace.
Looking for a positive where the XMJ too is getting touched up today, the current tin prices will prevent any new supply hitting the market at profit, and may actually slow any future investment into tin exploration, with a distinct possibility that any sort of DFS cannot possibly support a stable resource price, into the future.
Adding more resources and with a relatively ok mine life ahead, hopefully we can ride this out, where many small shows may not.
Meanwhile, I couldn't resist chasing the ever sharpening knife further down, and bought some more...
MLX Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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