Further down the track to 31/12/2022 what could we see?
$1 means a market cap of appx $900m.
l like to see FCF of $90m for that mc.
Assume: production of10k Sn, Sn price t A$62k (US$ 45k) Less AIC 23k t
FCF $39k t
FCF $390m
MLX share of FCF $145m
$1 per share is easily covered.
Thats also before any consideration of the MLX investment in CYM and NICO.
Lots to like.
Further down the track to 31/12/2022 what could we see?$1 means...
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