5 months ago tin price was $18,000/t. It's now $25,000/t and my charts say it's heading towards $30,000/t. Cash costs now below $13k/t means MLX is making over $10k/t at current prices.
"For the quarter, the Renison Tin Project has produced 1,800 tonnes of tin in concentrate from the processing of 163,213 tonnes at 1.63% Sn. Cash operating cost estimates (C2) were significantly lower at $12,650/t for the quarter."
Hence, 1800 x $10k margin x 50% = $9M or ~$40Mp.a. to MLX.
5 months ago tin price was $18,000/t. It's now $25,000/t and my...
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Last
38.5¢ |
Change
0.025(6.94%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.8¢ | 37.5¢ | $836.5K | 2.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 311665 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 120633 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |