Doing the calcs on the back of the envelope- nifty production near doubling, cost per ton halving, copper supply tightening up worldwide, tin volume up sharply, price future good, reserves declining worldwide no new discoveries likely. Add to that $50m a year clear from Rentails for 10 years, at current prices let alone what could be coming, strong exploration upside at Finch and rest of province there. MLX will be generating a motza of cash.
MLX Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
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