Tin produced last year 7947 tonnes and sold 7315 tonnes. Price was $A 27001 per tonne.
Production guidance for FY22 is 8,500 – 9,000 tonnes of tin-in-concentrate at an AISC cost of $21,000 - $25,000/tonne tin. Current tin price is $A 49425 per tonne.
Main uplift this year will certainly be the tin price which is up 83% at present on the average of last year, but production is expanding by 7%-13%, plus the inventory is available for sale as well of course.
Fair chance Renison 50% revenue share could more than double from $94 million to over $200 million.
MLX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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