There's a couple small negatives -old paste plant seems toast (no surprise), delays and a bit more of a cost blow out on Area 5 but again nothing major, cost creep in general (contractors in for CRF and cable bolter make this inevitable) fairly poorly written report and late but they did sack most of the corporate staff LOL
But the positives are massive, records all over the shop. Recoveries look like 80% is the new normal. Mining 237kt means there is a big chunk sitting on the ROM pad and processing over that 700ktpa mark once again. Tin price looking like averaging >A$5k/t more already so if they put a similar quarter together in Q4 plus dont have the big WCAP build we could be looking at A$50m+ by year end. Would love to see some of that go into a buyback at these prices tbh.
MLX Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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