Port ,the latest investor presentation still gives indications of $100m EBITDA . Tin price in USD still dropping ,but in AUD ,is still well over $20,000 and has been in that range for a while .They also hedged 950 t at $23,000 US which is around $34,000 AUD .They should be up to full production some time in this quarter , so dont expect too much from last quarter . MLX still should never have been at these levels ,and next 12 months will see them as one of the few miners to make any money at all when you look at the way metal prices have dropped .MLX is much better placed than the likes of Minara ,CBH ,PEM ,etc ,etc . They will be very profitable at current Tin prices /exchange rate .
MLX Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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