hello MLX shareholders. i've been eyeing MLX as a short to medium term trade with a focus on the resource/reserve upgrade at Nifty possibly being a catalyst for a rerate higher.
apart from having to wait fr some super funds to materialize in my account, i baulked at the high AISC of Nifty operations. It's a high cost operation and even with the Trump-inspired metal rally and other positives this year appears to be barely covering costs. its only tin that appears to be keeping things afloat.
does anyone have any sense about costs with the expanded production or will MLX merely be producing more red metal but still treading water.
there's certainly no guarantee that copper prices will get back to the levels seen during the commodities super cycle when from memory they poked above US$10,000/tonne.
MLX Price at posting:
74.5¢ Sentiment: None Disclosure: Not Held
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