Sales and marketing costs include royalty payments, freight/shipping costs to the smelters in Malaysia and Thailand and charges from those smelters to convert the tin concentrate sold into tin bars. So the $15m on $100m of sales is ~15% of charges.. it is materially higher than the ~10% historically which is interesting.
This point is interesting too… not sure how it will be received given APAC/China etc relationships. But China needs concentrate.
MLX Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)