tin price, page-4

Hi sportshow ,I will attempt to put forward some sort of estimate for a takeover .For a start MLX should be able to produce a profit of around $100 m per annum at Renison ,so allow a PE of 7 for this would value this at $700m .
12 months ago , Southern Cross Equities bought out a research paper on MLX that gives some clues as to what Wingellina is worth .They valued it Wingellina at $321m on its own 12 months ago ,when it was less advanced.Pay particular attention to the rising NPV ,bar chart SCE supplied as Wingellina gets closer to production .This will give you some idea of the potential price for MLX in a couple of years .
So at this stage using this information ,its not inconcievable that MLX could have a valuation of somewhere around $1bn ,or close to $1 a share at this time
MLX also have Nickel royalties ,other investments ,and around $60M in the bank .They also have an option for a promising Phosphate deposit that could provide huge upside .Even Collingwood may get a reprieve if Tin stays high ,adding some small value .
In a few years time the rising NPV chart that SCE supplied indicates Wingellina could be worth over $2 to MLX . I would rather not see a takeover just yet .