MLXEF - Metals X: Tin Shining In A Value Trap
Note: the elemental symbol for tin is Sn and the elemental symbol for copper is Cu
Asset Overview
Australian-listed Metals X (MLX.AX; OTCQX:MTXXY; OTCPK:MLXEF) spun off its gold business a couple of years ago and is now exclusively focused on base metals.
Metals X has a 50/50 joint venture with the Chinese Yunnan Tin, the largest tin producer in the world, at the Renison mine in Tasmania. Renison has a defined resource of 16.4 million tonnes grading 1.31% Sn and .21% Cu which translates to 215,000 tonnes of contained tin. Renison