MLX 3.41% 45.5¢ metals x limited

Discussion on SP, page-473

  1. 579 Posts.
    lightbulb Created with Sketch. 196
    At 42c close we’re looking at 379mn mcap and around 230mn EV. Provided MLX can maintain a A$20k margin over AISC we can expect FCF of around 100mn. So key is to keep ASIC as low as possible. Getting to higher grades should do some of the trick. But unfortunately a recession will likely drag tin prices lower. Let’s see how well MLX can do to defend that 20k margin.
 
watchlist Created with Sketch. Add MLX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.