MLX 3.49% 44.5¢ metals x limited

Discussion on SP, page-13

  1. 15,110 Posts.
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    All of the above says to me MLX should be using some of it's cash to make underground resource to reserves more efficient. By say, buying (financial leasing) more equipment (jumbo's or drills) or doing more development cutting and opening more entry stopes into new areas.

    I think the market price of Sn is telling them that. They need more flexibility to mine faster/ work around failures/blockages. I'm reasonably happy with what they're doing but I think they should try to get ahead underground if that's not an oxymoron. the EV/ EBITDA multiple will increase with proving of reliability.

    All IMVHO.
 
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