MLX 3.49% 44.5¢ metals x limited

Discussion on SP, page-216

  1. 54 Posts.
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    Very unlikely to pay a dividend in my opinion.

    They will have $60m+ of cash on balance sheet by the end of the FY.

    Construction costs for Rentails were estimated to be $205m back when they did the initial feasibility studies, of which MLX would have to fund half ($102.5m). So they'll likely be retaining the next couple years of cashflow to fund this. Unless the price of tin does something crazy over the next 6-9 months... USD$50k price of tin would see us have $150m+ cash in bank which would be more than enough to fully fund rentails + a div
 
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44.5¢
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44.0¢ 45.5¢ 44.0¢ $2.095M 4.679M

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1 22727 44.5¢
 

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