With net cash about 13-14c/share in the bank at the moment, that is a net price of 14-15c a share. It should turn a reasonable profit this quarter and boost cash holdings. With no long term debt, nearly at the end of an investment phase in higher production and lower costs, and a possible high grade discovery a short distance from the mineworks, and proximity to some of the lowest cost power in Australia from the hydro stations just to the North, reasonably plentiful local labour supply, and short transit to port, if one does not get too excited by a short term weakness in the tin price, this looks to me to be the best buying MLX price in decades.
MLX Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
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