most importantly they know how to run a mine and a company and how to create shareholder value. Its a pity Peter Cook is retiring as he was instrumental to all of this but having been a holder for 7 years, MLX has managed the circumstances exceptionally.
With regards to the new MLX , i am in the process of trying to establish a P/E for the company however i feel it is around 10 at present. It is not as cheap as TGS or AGO but with an expected 30% uplift in production available (running 2 weeks on 1 week off) at little to no cost along with a rising copper price, the market really should be pricing a 15-25 PE Range.
Most importantly they know how to run a mine! Tin and tin prices another aspect. Nickel is great but too many unknowns for the market to give it a value.
MLX Price at posting:
79.8¢ Sentiment: Buy Disclosure: Held
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