All signs point toward tin prices marching higher here - whether it’s the historical low inventory, the seasonal monsoon season incoming in a key production area of Indonesia or just the dearth of projects due to decades of underinvestment. Not to mention demand inelasticity, or even semiconductor chip bottleneck clearing (which has held up tin demand). Some of these specialty metals can do 5-10x price moves fairly easily - that’s the commodity not the miner (just see cobalt or vanadium in 2018 for example).
Even if you assume a 50% price rise to A$75k/t, this would cash flow it’s EV in ~1yr. Then you get the fomo from being basically 1 of only 2 options to play it. Shit can get crazy is all I’m saying and $1 could look conservative. Ok that’s enough bull talk.
MLX Price at posting:
36.8¢ Sentiment: Buy Disclosure: Held
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