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MLX going along nicely 64 .93 cent valuation in my system...

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VVX565

2,911 Posts.

413

07/03/22

10:31

Post #: 60025142
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Originally posted by 64eheh ↑

MLX one of the very few in the world.

cashed up approx$70 mill in the bank, low Enterprise value, no debts, at current tin prices it's printing money. Also exploring further out+ rentails project to go later+ higher grade deposit to begin mining soon+ mine refurb nearly done+ new shoots showing promise.

Tin price rallying over last 12 months as has MLX. Tin, 40% used in solder...the glue inside phones etc that joins the chips together.

demand exceeds supply. very low world stocks.

wishful thinking here but in with a chance, value should be around $1.20 sh + rentails+ growth...... But the if, and what I am hoping for, is we get some panic buying in tin...as there is only 2 days supply, tin price in backwardation....if we get some panic buying we will see tin price go much higher and tin may attract the big traders....then MLX could go exponential as unlike oil, uranium, gold, where there are many stocks to choose from.....there are only 2 or 3 tin companies in the world....and MLX is one of them.

Learn about the fundalmentals then use the charts............and you don't need to be an engineer, just read a little!

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MLX going along nicely 64

.93 cent valuation in my system

XSO Value at posting: 3,190.6
3 Upvote

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