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
47.0¢ |
Change
-0.005(1.05%) |
Mkt cap ! $434.9M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 47.0¢ | $652.8K | 1.373M |
Buyers (Bids)
No. | Vol. | Price($) |
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16 | 73122 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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47.5¢ | 156324 | 37 |
View Market Depth
No. | Vol. | Price($) |
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16 | 81650 | 0.470 |
11 | 146803 | 0.465 |
15 | 350389 | 0.460 |
9 | 124015 | 0.455 |
7 | 458181 | 0.450 |
Price($) | Vol. | No. |
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0.475 | 159765 | 36 |
0.480 | 207126 | 17 |
0.485 | 202873 | 11 |
0.490 | 182639 | 15 |
0.495 | 368094 | 13 |
Last trade - 13.27pm 22/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
47.5¢ | 48.0¢ | 47.0¢ | 392950 | ||
Last updated 13.41pm 22/05/2024 ? |
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