I think your estimates on grade, recovery and price received should be pretty close to the mark albeit I think they're a tad conservative given the access to higher grade Area 5 and Leatherwoods.
The big question for all mining companies is generally production and whether there has been any unforseen issues. With access to the new areas and the new jumbo working well it would be nice for them to knock it out of the park. Alternatively there may be issues popping up as they do with mining companies.
Regardless tin production will likely increase "deferred access to the higher-grade stopes should lead to a further increase in tin production in the second half of 2023" - quarterly report.
From your table we should see a really solid quarter of cash inflows. We have CYM convertible note, Nico shares and options, cash at bank, Rentails years away (if it goes ahead). Surely with another increase of cash at bank then management have to do some capital allocation in terms of buybacks and / or dividends? Certainly hasn't been all smooth sailing with the company so time they gave some back. Alternatively tell us what they are going to do with the money - surely this is their job right?
MLX Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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