In all honesty, I'd be surprised if we even hit $0.20
hear me out.
@20c x 907,000,000 shares on issue, someone could in theory snatch up 100% of the shares for $181.4 million dollars. They'll then instantly receive ~$117m in cash, 16m shares in Nico (~$8 million) and 25m options in Nico (call it $10m) and maybe ~$20m in inventory, and zero external debt.
You're then picking up the only operating Tin mine in the Australian jurisdiction for $26.4 million. (181.4 -117-8-10-20 Shouldn't take long to repay the investment of $26.4 million with a 10+ year mine life)
@SWILTD there is no way we can go to 9c. Someone can then pick up the company for $81,6 million and instantly have $117m in return. The days of 9c/share was when we had $10m in the bank, with a $15m external loan and loss making copper and nickel assets.
I'm sticking around for the long term, as the balance sheet is extremely strong at the current market cap. Cash rich, financial assets rich, with no debt. what more can you want.
As soon as the tin price changes for the positive, there should be a fair bit of upside. I will admit the current low share price has put me in a paper loss, but there is no point selling at these prices, and I'm confident pricing should turn around.
all IMO
MLX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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