What a smash down for tin into 3Q book closing. Feels a bit like...

First 57 Last

Share
Profile

Follow
wb200

722 Posts.

246

30/09/23

16:01

Post #: 70113664
Share

Originally posted by TrendTracker: ↑

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?

Expand

What a smash down for tin into 3Q book closing. Feels a bit like someone taking advantage of China being out on "Golden Week" to manipulate prices lower. Nevertheless, according to my LME data, tin averaged A$40,848/t for 3Q. Given that, and the 1.95% measured grade from the "2023 Renison Mineral Resource Update", I'm updating and tweaking my numbers below:

Now why are we at 30c again???

MLX Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Almonty Industries – Now it is getting critical!

ASX Market Close: IT surges as Miners dumped | June 18, 2025

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

MTM

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

First 57 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 58.0¢		Change 0.005(0.87%)		Mkt cap ! $514.1M

Open	High	Low	Value	Volume
58.5¢	59.0¢	57.0¢	$2.215M	3.828M

Buyers (Bids)

No.	Vol.	Price($)
3	253530	58.0¢

Sellers (Offers)

Price($)	Vol.	No.
58.5¢	137251	3

View Market Depth

No.	Vol.	Price($)
3	253530	0.580
5	300804	0.575
1	27992	0.570
3	178892	0.565
10	165438	0.560

Price($)	Vol.	No.
0.585	137251	3
0.590	489941	8
0.595	160214	6
0.600	347744	8
0.605	50000	1

Last trade - 16.10pm 18/06/2025 (20 minute delay)

MLX (ASX) Chart

What a smash down for tin into 3Q book closing. Feels a bit like...

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Almonty Industries – Now it is getting critical!

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Many are concerned about global falling birthrates. This diverse stock has solutions

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

What a smash down for tin into 3Q book closing. Feels a bit like...

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Almonty Industries – Now it is getting critical!

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Many are concerned about global falling birthrates. This diverse stock has solutions

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News