Tin price, page-63

I am not sure if you have factored in that MLX has only a 50% stake so the figure becomes $12 mill

TIN DIVISION • Production of 1,999 tonnes of tin-in-concentrate, 14% below the previous quarter due to lower mined grade. • Metallurgical Improvement Program advanced with demonstrated recovery improvements to ~ 77% tin with further improvements expected as initiatives are completed. • Area 5 mining advances with development of the new exhaust ventilation raise commenced in January 2021 and detailed geotechnical and mine engineering for stoping continuing. • All-in-sustaining cost (AISC) of $20,978/tonne of tin (realised tin price, net of smelter charges, $23,512/tonne). • EBITDA of $8.1 million and net cash flow of $2.5 million (representing MLX 50% share). • Production guidance for FY21 adjusted to 8,200 - 8,500 tonnes of tin-in-concentrate at an AISC cost of $20,000 - $21,000/tonne tin. The market outlook for tin and pricing remains strong in the first half of 2021.