re: Ann: More Exploration Success and New Lod...
cheers nic. Good trade! 50% in couple of weeks!! I wrote earlier: "All this is adjacent to current mining and will be quickly accessable!! Hence, will make increasing production to 10,000 tons/annum rellatively simple/cheap". However, although expansion will be relatively straightforward, MLX today notes that Sn prod for 'current financial year' is forecast to be 8,000 tons Sn metal. So base yr calcs on that. An upgrade may happen but rather be conservative and don't depend on it. I don't want to keep repeating this, but be aware MLX owns half the Renison mine, hence half the total production.
MLX Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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