I'm assuming that's the price we are selling into as a producer so the benefits of this spike should be substantial!
I haven't found anything anywhere saying we are "locked into" any set selling price contract so the recent rise from around $21,000 to over $24,000 should produce a great quarterly at the end of October.
Given MLX produce about 1,500t per qtr, that's an extra $4.5 million profit for the quarter.
Given the June qtr only produced a Cash Operating Surplus (EBITDA)of $2.6m, we can expect a big % increase in profit to be announced (2.6 to 2.6+4.5 = 270% increase!)
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Last
57.5¢ |
Change
-0.005(0.86%) |
Mkt cap ! $514.1M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 58.0¢ | 57.0¢ | $278.2K | 484.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 18077 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 83961 | 20 |
View Market Depth
| Last trade - 10.25am 01/08/2025 (20 minute delay) ? |
| MLX (ASX) Chart |