A few titbits. 1. The new ore sorter at Renison (Australian...

First 123 Last

Share
Profile

Follow
hightrax

4,021 Posts.

352

18/03/19

16:56

Post #: 37800740
Share

Originally posted by Tremonti17: ↑

The company is estimating Tin Production of 7500 to 8000T for the 2019 FY. MLX share 3750 to 4000t. If you take the mid point you get 3875t.
Production in first half 1707t so second half production estimate is 2168t. This will reduce AISC per tonne.
It is worth pointing out that Renison produced 871t of tin in January in spite of losing 1 day because of the bushfires and no doubt a slow start after New Year. This would make production of 5226t of tin for the half if same rate continued. Renison share 2613t so the company estimate of 2168t is looking conservative.
Looking forward the mine will be processing the recently discovered high grade zones in 2020.
Renison is a gold mine (mining Tin ).
Using the companies conservative production numbers I estimate Renison will generate an additional $20m in the second half compared to the first. That is the MLX share. Hartley's estimated today, in a report, that MLX generates $10 m from Renison in January alone.
With Nifty shipping a concentrate shipment in early Jan, MLX will not have any cash flow problems.

Expand

A few titbits.
1. The new ore sorter at Renison (Australian invention, a Perth professor) is, after a few (probably predictable) delays due to newness training and tuning, is now operating to design specs.
2. Copper concentrate from Nifty is paid for (90% value) at arrival at the Hindalco smelter. The voyage from Dampier takes 17 days on average. The final 10% is paid for two months after that. This was negotiated down from 3 months by MLX. Hindalco are reliable payers. Have never been late.

MLX Price at posting: 25.0¢ Sentiment: None Disclosure: Held
9 Upvote

1 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

What's causing the cost-of-living crisis, and how to navigate it

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%