Yes looks good, by my calculations for 2013, 7500tpa tin @ $7000 net per ton (A$20000/t, at present tin price & A$13000/t cost of production, from AGM) = approx A$52m net per year, a market cap of approx A$250m @13c/share, no debt & A$60 cash in the bank.
Certainly costs in getting under ground gold to production but nice cash flow from tin (with room for large up side if tin prices increase as predicted) & no debt, has to be good in this current economic environment ?
I am certainly accumulating a few at these prices as $ become available, mind you I was in low 20's as well :-( , sure is a tuff time to pick winners in the resource sector at present but hopefully long term we will look back & wish we had brought more.
MLX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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