Came here years ago for the Tin potential that is still fantastic but got bitten by their investment it gold. I did think of baling when they started upping the gold story but stayed for the Tin, hind sight is 20/20 vision.
Hopefully once they start ramping Tin investment up again people will remember it is first & foremost a successful Tin mining company. There is plenty of option for ramping up Tin investment/production but in the present market they are doing the correct thing IMO by sitting on their hands & waiting for the cycle to turn up. Oz $ falling will be helping off set lower tin prices.
So, nice cash flow, no debt & plenty of money in the bank, not a bad place to be + maybe some averaging down for me soon at these prices but will be intersting to see if post end of finacial year selling will stabalise the price.
MLX Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
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