Haha, the thesis is a bit long. Bit the AGSO paper is really good. My first published paper back in 94 was on a amphibolite/granulite facies metamorphic terrane in North Carolina. So conceptually I get it most of the stuff. I am mainly interested to see if they can expand this project significantly. Based on my understanding of the earnings, why is the P/E ratio so small? Around 4. Low PE stocks usually reflect a company that isnt growing fast or at all. You could argue that is the case with Renison. Looking back at the historical production...the mine's output has been consistently at 5-10 thousand tonnes per year for many years now (if I remember correctly). That is not great growth. So if output is not growing, then we need to hope that the tin price grows a lot...
MLX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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