Added to YB: 2025-08-29
Pitch date: 2025-07-07
MLX.AX [bullish]
Metals X Limited
+81.98%
current return
Author Info
No bio for this author
Company Info
Metals X Limited engages in the production of tin in Australia. The company holds a 50% interest in the Renison tin project located on the Northwest Tasmania.
Market Cap
AUD 549.6M
Pitch Price
AUD 0.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.20
P/E
3.99
EV/Sales
1.19
Sector
Metals and Mining
Category
special_situation
Metals X Limited - $MLX.AX
MLX.AX: Only Western tin miner, 50% stake Renison mine. Tender offer for 28% of JV partner Greentech at HK$0.35/share (deadline July 23) would increase control to >50%. Trading at 1.53x asset value, ~10yr mine life. Tin shortage expected from AI/EV demand growth, price elasticity low. Single asset risk but high cash balance provides downside protection.
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