I posted this a while back (spot was A$46k where is it’s A$60k today) so some of the assumptions are outdated. Point is - whilst the price is and has been a big tail wind to earnings and no doubt the share price, there’s a couple other factors that make Renison more than just a price story.
We get into the high grade zones (at Area5, Bell50, Leatherwood etc), finish the improvements around recoveries and productivity (upgrading equipment) then the step change at the operation will be enormous.. tin could fall 35-40% and and the stock would still be a bargain if the operations execute.
MLX Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)