"Unfortunately the updated prices as at 2 Jan 2009 are worse with the tin cash price in AUD terms been around $14,850 and not the higher numbers as discussed above."
I don't know where you get your price updates from but tin had another very good night on the 2 Jan, up over 10%.
LME official cash tin $11550us(16262au), unofficial $11665us(16424au).
In this market survival is enough, as those that survive will make a lot of $$ on future price increase due to reduced supply.
I am hopeful mlx may even turn a small profit last quarter, doesn't need to make much of a profit to justify the current market cap. As efficacy increases and other production goes off line due to low tin prices, mlx profits can only increase imo.
Bargain at these levels. Tin still has strong fundamentals, and I can't find a better tin play on the asx.
Not long till all in revealed, as I suspect an update is not far away.
MLX Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
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