Based on scoping study published in July 2010,the skan tin project would deliver $400 million net cash flow at today's price.Tin price variation could change that figure dramatically. I worked out NPV around $80 million based on today's tin price, and this figure will be used to form JV. SPM need to contribute another $40 million cash in order to match 50/50 share in JV technically.But this is not going to happen IMO. SPM has no option but to takeover remaining CSD at 30 cents a share plus 10 cents for option for total price of $50 million.As you see ,then SPG owns 100% of everything by spending $10 million more. What would you do?. Dyor
CSD Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held