grade is king, page-20

CSD is a skarn system, I sold it to buy into SRZ and another tin play CWG.

Skarn hosted tin deposits are very tricky and not for the innocent. Steer clear of CSD is my view.

Tin recovery is never easy. Its only easy in alluvial or deep leads. In hard rock , whether skarn, sulphide lodes like this or carbonate reaplcement style like Renison it takes a lot of skill to recover. 70% is what you target

VMS is fair value. MC is $100million. SRZ is far better value than VMS, and more important its a pure tin mine. VMS is a mixture of tin and tungsten . VMS is a high cost low grade set up, at $20,000 tin its barely payable

Another important aspect is location. When I was in Zeehan I spoke to some locals and let them know I was in town to check out the tin prospects. They got very excited and want the mine to be up and running ASAP

Tassie is bursting with Greenies. Its Greenie heaven. Greenies = No Mining

There are no Greenies in Zeehan. There will be little impediment to mine development in Zeehan . The town is dead and buried without it

I checked the dip of the lode and it looks like it will be very cheap to mine the open cut. Then they go underground and can access the Big Lode Severn later. The sweetener is little Montana. It can be cheaply developed via a shaft and selectively mined. Its grade is 1.6%.

You wont see a project like this again at these prices. Its game on.