Hi Early, I reckon you are right of there capex being offset by profits. As far as i remember it was around 167 million for project development with base tin price of US $21961. i think at current price they are cheap for mine going to produce around 6000 tonnes tin concentrate per annum.Also according to there latest presentation they will be 9th largest tin producer in the world. So there is a lot of scope in KAS if tin price goes our way. Regarding sellout i think its got more to do with commodity market in general and also add to that 3 months delay in there DFS. Its always good to have few options if tin market behaves in expected manner. CSD,KAS both will shoot upwards once market sentiment improves in general. MLX is a good option as well because i think with there gold and nickel options tin looks like being thrown in for free. MLX has very good grades of tin in its kitty and if gold comes back it has lot of upside, not to forget MLX has nickel as well and its a company with no Debt.
MOO i dont know much about but i would definately look into now. cheers
CSD Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
