Again, those are ridiculous numbers.
If copper goes and nifty's AISC goes down as you suggest, MLX will be close to $1 if not higher without any change to Renison. I invested hoping those numbers would materialise (as management have continued to suggest is possible), but they haven't and the SP sits where it does now.
I'm not following why you think Renison production needs to increase. It is currently profitable. All they need to do is extend the mine life not increase production.
Ann: Quarterly Activities Report, page-90
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43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $398.7M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
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