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
59.5¢ |
Change
-0.030(4.80%) |
Mkt cap ! $527.4M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.8¢ | 59.0¢ | $1.780M | 2.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2750 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 7033 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |