Metals X: Tin Shining In A Value Trap

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About: Metals X Limited (MLXEF), MTXXY, Includes: ARRRF, CTEQF
by: Joshua Hall
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Joshua Hall
Growth at reasonable price, newsletter provider, research analyst, base metals
Summary

Renison is currently the largest tin mine in Australia with annual production running about 8,000 tonnes. Metals X has a 50% share of this.

Metals X has not been able to deliver on their plan to bring production at Nifty up to nameplate capacity.

Renison shines as a great tin asset, but for now I think it is sitting in a value trip.

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