Ann: Update on Mt Gordon Copper Payment, page-112

  1. 16,710 Posts.
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    The Bones.

    MLX is a tin producer from a profitable Mine in Tasmania- Renison.
    The SP collapsed from say 80c as a result of a Foray into a Copper mine Nifty.
    That mine has been put on care an maintenance. They say they are trying to sell it and a Much higher Cu price may help that.
    That leaves them with the Sn mine in Tassie which is spinning of a lot of cash and has a resource and reserve for say 13 years (but much more in place as it's been running on and of for say 100 yrs) and is one of the higher grade 1.46% Sn mines. (Which is why it was one of the sole Sn survivors when the Sn price fell).

    The Sn price is considered to be the most responsive to EV and to the ESG efforts to cut global warming.

    They also own a substantial resource of Ni by way of the Wingelenna Mine but I'll let others tell you about that.

    I've been "covering" it for say decade?
    Last edited by arsenic: 22/01/21
 
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Last
57.0¢
Change
0.025(4.59%)
Mkt cap ! $505.2M
Open High Low Value Volume
55.0¢ 58.0¢ 55.0¢ $2.022M 3.573M

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No. Vol. Price($)
2 19522 56.5¢
 

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Price($) Vol. No.
57.0¢ 50000 1
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