MLX 1.63% 45.3¢ metals x limited

Ann: Quarterly Activities Report, page-40

  1. 528 Posts.
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    Updated my spreadsheet for Q2 in the hope that grades in Q2 will look a lot more like in 2023 Q3 & Q4.

    At 44c / 400mn market cap I get an implied IRR (on post-tax basis for 2025 onwards) of 21% assuming cash earnings track TTM (Trailing 12 months). If you're selling MLX at this valuation you better find sth yielding at least 20%! Needless to say, IRR will be massively higher if tin stays around A$50k/t.

    https://hotcopper.com.au/data/attachments/6130/6130738-b1f31a0a8dcf12ee28a8fbce3b39a249.jpg
 
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45.5¢ 46.0¢ 45.0¢ $387.8K 853.4K

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Last trade - 15.59pm 27/05/2024 (20 minute delay) ?
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