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When is Malaysia back online. Any idea.TIA

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wacket

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26/09/21

21:47

Post #: 56360764
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Originally posted by edshann: ↑

You are at the optimistic end of the possible range.

The tin price was lower in the first quarter. Some of the tin price spike is due to production disruption in Malaysia, so what the tin price will average over the rest of the year is hard to tell.

MLX has spare inventory of 300t from last quarter (with costs already incurred), so even if production is near the lower end of forecast range in the last quarterly of 8500-9000t they could in theory still sell 8750t.

However, they are not selling all production at present because of disruption to smelting in Malaysia so there is some risk that may not happen.

AISC roughly approximates EBITDA on recent history so on sales of 8750t ( and using the mid point of AISC range) I get $120 million EBITDA for MLX this FY year.

If you add $3000 per tonne for the amount that AIS exceeded AISC last year (AIS includes project and exploration costs and approximates cash flow) the free cash flow is around $100 million this year.

That is below your figure, but MLX is still very cheap at a market cap of only $340 million.

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When is Malaysia back online. Any idea.TIA

MLX Price at posting: 37.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 45.0¢		Change 0.000(0.00%)		Mkt cap ! $407.7M

Open	High	Low	Value	Volume
45.0¢	46.0¢	44.3¢	$1.746M	3.860M

Buyers (Bids)

No.	Vol.	Price($)
1	5568	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	67252	3

View Market Depth

No.	Vol.	Price($)
1	5568	0.450
2	125000	0.445
3	49452	0.440
1	30000	0.435
4	271000	0.430

Price($)	Vol.	No.
0.455	67252	3
0.460	300417	4
0.465	243640	5
0.470	109222	6
0.475	110000	2

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 45.0¢			Change 0.000 ( 0.07 %)
Open	High		Low	Volume
44.5¢	46.0¢		44.5¢	1101217
Last updated 15.59pm 16/05/2024 ?

MLX (ASX) Chart