Did a bit of research. At last report MLX had about 3,000 tons tin pre contracted at about $25,000 /ton. the balance, about 55% if sold at current prices, and that dip and $A movement only applies the the last couple of weeks of Mar Q, Tin US $13,720/ton at $A conversion at 59c to the US dollar, would yield about $23,250 /ton. Thats a lot less of a belt than the drop in the $US price.
A significant number of analysts reckon the $US is way, way too high, in a bubble. With the flood of money printing, it may soon be the case that the market will notice the king has no clothes, and commodity and mineral prices will move up fast in $US. That is common after stock market crashes.
MLX Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
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