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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Mkt cap ! $398.7M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 43.5¢ | $825.2K | 1.870M |
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10 | 261269 | 0.430 |
4 | 113727 | 0.425 |
12 | 256108 | 0.420 |
1 | 75000 | 0.415 |
Price($) | Vol. | No. |
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0.440 | 59820 | 1 |
0.445 | 178921 | 4 |
0.450 | 41559 | 6 |
0.455 | 156028 | 4 |
0.460 | 1000 | 1 |
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