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
38.5¢ |
Change
-0.005(1.28%) |
Mkt cap ! $353.4M |
Open | High | Low | Value | Volume |
38.5¢ | 39.0¢ | 38.5¢ | $38.27K | 99.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 192089 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 54907 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8545 | 0.415 |
1 | 3000 | 0.395 |
4 | 10603 | 0.390 |
4 | 174632 | 0.385 |
10 | 224328 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 23800 | 1 |
0.375 | 13717 | 8 |
0.380 | 37602 | 2 |
0.390 | 60718 | 2 |
0.395 | 104964 | 2 |
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