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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Let's not forget the tailwind to MLX's Intrinsic Value that...
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Last
44.0¢ |
Change
-0.005(1.12%) |
Mkt cap ! $394.5M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 43.5¢ | $493.7K | 1.121M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34077 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 94943 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14077 | 0.440 |
5 | 117260 | 0.435 |
3 | 61500 | 0.430 |
3 | 148559 | 0.425 |
5 | 97758 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 94943 | 2 |
0.450 | 144395 | 5 |
0.455 | 211048 | 2 |
0.460 | 191184 | 6 |
0.465 | 1204341 | 5 |
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