MLX 1.14% 43.5¢ metals x limited

Ann: Quarterly Activities Report, page-111

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    Your figures should be close to the mark, but I feel they could be conservative. I'm hoping to see more incremental improvement in grade and recovery after they jumped up last quarter. Milling should bounce back after the issues last quarter. Tin price will take a hit from last quarter. As always production is obviously a key driver.

    For the next calendar year I reckon it should be fairly easy to predict production rates and likely profitability although much is obviously dependent on the tin price.
 
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