The Annual Report shows net assets(liabilities) of; Reportable segments Renison Tin $41.6m Mt Bischoff Tin $(8.7m) Nifty Copper $(14.7m) Maroochydore Copper $7.0m Wingellina Nickel $3.5m Sub total $28.7 Other assets(liabilities) Cash, bond etc $23.1m Net Assets $51.8m
Market cap currently ~ $120m There is a $50.6m provision for rehabilitation included in the non-current liabilities Significant tax benefits are not on the books. The $10m from Mt Gordon would seem to be a windfall gain in the current financial year, not on the books? A sale price for the 2 copper assets of $1 has been put forward by some posters, where did that come from? Hopefully it is competitive friction that is prolonging the sale process. A trailing royalty from the copper assets sale must surely something our negotiators will ask for.
MLX Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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