MLX - Metals X

黑山老妖 · 发表于 2014-5-20 13:53:20

exgeo
Metals X.The price of Tin is predicted to stay high due to Indonesia having ordered the closure of some illegal tin smelters in that country. At the time of Renison's closure, Tin was about 8000 USD/t, now it's over 10,000.Collingwood mine is producing now, Renison is still closed but management are looking at the economics of reopening. BTX are doing testwork using hydrocyclones to recover tin from historical tailings at Renison. The same technology could also be used to improve the recoveries of Tin assuming Renison is opened again. Capital costs are already sunk, therefore to reopen will not be too costly.Post the merger with MTX (Metals exploration) BTX will also own the Wingellina lateritic nickel deposit in the Musgrave of WA/SA. 20km of RC drilling and 15km of RAB drilling are ongoing at Wingellina. MTX is profitable and was trading on a PE of 10 before the merger. They have royalties over some of the Mount Keith nickel tenements (BHP) bringing in 5 or 6m per year (at a mu

黑山老妖 · 发表于 2014-5-20 14:43:18

mick2006
well guys with the current focus on the LME on Lead/Tin prices what better time to have a closer look at MLX, Australia's largest Tin producer and as of 2008 the worlds 6th largest Tin producer.Also they control the enormous Wingellina Nickel Deposit which is larger and higher grade than BHP's Ravensthorpe Nickel Project.Now a closer looks at MLXShares 915,335,378
Options 20c 110,495,600Current undiluted market cap $402 millionReason to buy into the MLX story-Current Nickel royalty from Mt Keith/Kambalda $16-20 million per year(at no cost to MLX)
-Currently producing Tin from Collingwood Project (exposure to rising tin prices)
-Production at Renison/Mt Bischoff Tin Projects late 2007
-Feasability Study underway Rentails Tin Project production early 2009
-Strong Cash Position
-Strong Institutional Support
-Top 6 Shareholder control 50% of company
-Massive upside through Wingellina Nickel Deposit (value aud $100 billion)
-Projected EBITDA 2008 $100 million or PE 4.4A closer look