Amazing that someone hasn't had a crack at M&A here. Pay a 50% prem to SP for 360m or 240m after cash and get 5 ktpa a year of tin production that is CF+ with a bunch of sunk capital with access to a HG ore body for the next 4 years with minimal sustaining capex required. If we get another cycle you print cash, if tin price remains suppressed pay off acquisition within a few years.
MLX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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