Let's not forget the tailwind to MLX's Intrinsic Value that comes with a weaker $AUD..
With the tin price at US$33,700, when converted to AUD terms it's $52,235 lol. Amazing change to where it was just weeks ago, think it was roughly $38,000 in aud terms. MLX can generate $260m revenue on current tin, at 45% margin that's roughly $117m over 12 months to the bottom line lol.
And, MLX should have $185m-190m in cash by the time I am back from Europe. Doesn't look expensive! It's a proven cash generator now and as Tin gets more of the spotlight onto it I think MLX may rip even harder, there are few ways to participate in the tin play. Last time tin price ran into the high 35-40k range it took a few months, this is why I am not anxious about any minor pullbacks etc.
@Ronzo1010 - Interested to get your short term-medium term thoughts following the minor pullback in MLX's SP this week.
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $385.5M |
Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 43.0¢ | $429.8K | 988.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 201402 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 23408 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 195402 | 0.430 |
3 | 130000 | 0.425 |
4 | 120635 | 0.420 |
1 | 40200 | 0.415 |
3 | 104500 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 90056 | 2 |
0.445 | 255448 | 3 |
0.450 | 115000 | 3 |
0.455 | 108596 | 2 |
0.460 | 215588 | 6 |
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