They are in Area 5 now. Cash positive. Metal prices have risen, esp. tin, that's cash flow positive. Fuel prices should be down, that will help too. The threat of CV19 seems to be diminishing.
This new move to greatly improve of grade of concentrate with fumer will cut shipping costs and refining costs a lot, but I'm not sure I understand the process diagrams yet.
Profitability is all about volume and margins. Both heading in an upward direction now, if you set aside capital investment, but that will greatly boost future income. A lot of thinking and evaluating is going on. This to me is a very high return activity. Notice they have now worked out that bigger digging and hauling equipment than initially assumed would cut per ton costs at Nifty. Potential to improve the grade average with more shallow drilling.
Another thing, the number of wars and rumours of wars all over the planet might increase demand for copper, the ammunition metal. Sad though.
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MLX Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
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