Port ,it is a great thing for Aussie producers in general but more so for MLX than most .I would estimate that there will be a marginal increase in costs for renison because the copper circuit would have reduced costs ,but I dont think it will be substantial . Currency hasnt been as kind to the Indonesians and Chinese producers , making many operations a loss making proposition ,and the Bolivian and Peruvian currency will be making it much harder for them .Then there is Congo ,well thats just a mess with wars ,and look like escalating ,we wont see any tin from them for some time . The indonesians only have 800,000t of reserves left at present production rates ,or about 8 years ,so the government is intent on getting decent income for whats left ,hence the quotas and the cessation of illegal tin mining . The demand may be slipping ,but supply looks disasterous in the short to medium term . So all in all ,great for MLX .If they concentrate the next 12 months on their core operations and bring in some real income ,will get rerated . I believe tin fundamentals will drive prices much higher once sentiment in general changes .
MLX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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