movement...

Some nice movement in the other tin plays today (+15%).

News articles coming from left, right and centre.

"The tin price has outperformed other LME traded metals over recent weeks and spreads have tightened. Macquarie observes the apparent trigger for the latest price action was reports of disruptions to shipments from Indonesia, as a result of a change in local market regulations. Indonesia is the second largest tin producer and the leading supplier to the international market. The global tin market was already heading for a small deficit this year and so the short-term outlook is positive for prices. Macquarie notes this outlook comes with risk on the Indonesian policy front and, outside of the LME, there appears to be a reasonable level of inventory. Despite this, a new risk on the supply side, along with signs of an upturn in demand, could mean the deficit in the tin market may be deeper."

Source: http://www.fnarena.com

I do hope the PFS moves the SP, but either way, the JV finalisation will sow the seeds to our success, and that should be settled before November.

Moorpett, I'm thinking the oppies will be in play if the tin price at least holds for that time, and we all know about the Indonesian impasse and its potential to push the tin price higher.

If you compare the MCs of the VMS and KAS, and the producer MLX, understanding each of their pros and cons, we won't be at this level for much longer. Once the PFS is released it will answer those annoying little questions once and for all, then we can determine the real value of CSD, then once the JV arrangements are announced, we will be IMHO finally home.

I'm trying to contain my expectations, but it is getting rather exciting.

Bring it home, Ralph.

Only 17 days left (12 actual trading days)!!!