"MetalsX itself is a gold miner, it's a stable and strong company, a gold producer and is expanding that gold production. It's also a globally significant tin miner and has a world class nickel project in central Australia which is development ready.
Unlike a lot of other mining companies, it's a company that doesn't carry debt. There's $100 million of cash on its balance sheet, quite strong cash flow and of course we are proudly Australian grown and focused.
In terms of capital structure the company has a market capitalisation of about half a billion dollars, enterprise value of about $400 million, a relatively tight share register with top 50 shareholders owing 83 per cent of the company."
