Tin continues to ignore sentiment in other metals to hit new highs .It is up 50% in 3 months and 70% in 8 months . Now only weeks away from production , MLX is still sitting at the same price it was in October last year . Tin stocks are running out the door, and tin is constantly hitting new highs ,irrespective of whats happening in the markets .Thats amazing strength ,but understandable considering the fundamental supply demand issues confronting tin . Tin stocks have been falling at the rate of approximately 1000t per month ,and if they keep falling at the same rate will run out by the end of 2008. MLX will break through very soon to reflect the fundamentals of this stock .Cash expected to be generated ,is close to $200m pa at these prices ,and once Rentails start ,production of tin is expected to rise from 8,000t to around 15,000t ,for another quantum leap in earnings to around $340m pa . MLX also have $78m in the bank ,and the world class Wingellina Nickel ,cobalt deposit with first stage feasibility due within a couple of months . If tin stocks keep falling ,I can see $30,000 Tin within a couple of months .
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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