Havent been on this forum for a while but to answer your question: 1) Not much ,final Vent leg to be broken thru in July. Postponed from June due to ground conditions.New paste plant contract awarded.
2) Rentail is out of scope of MLX's strategic production this fiscal year but pre feasibility done 10 yrs ago had its upfront cost of $200 mil to Bluestone so MLX $100 mil. Excat cost will be release when the updated feasibility is completed. Studies ongoing as we speak.
China is open to business from today. Demand will be picking up from the 2 months covid zero restrictions imposed.
Just a reminder there hasnt been any new tin mine startup in the past 2 yrs and none in pipeline in the next 2 yrs. All exploring,plus Indonesia ban on export and China turning to a net importer of tin from exporter. Malaysian Smelting Corp. plans to increase their tin smelting output by 20% in the next 2 yrs but they need the tin ore to process?
EBIDTA doubled last Q. Trend to continue.
MLX Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
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