It's been a little disappointing, especially since the share price recently appreciated 40% then collapsed due to small sells, back down to 4.5 cents (again). Note the volumes.
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However, November is here and according to the latest company updates...
"The DFS is planned to be released in November and continues to be funded by revenue from the management of the SPM production assets." Sep 2015 Quarterly
Why could this finally be the time when CSD launches into something more meaningful?
Well, check out the trend for the LME Tin stocks...
October might see a slight bounce as Indonesia introduced further legislation on the 1st of November, tightening its control on illegal miners, and hence causing some to dump while they could. However, the tin stock level today is 5140 tonnes. LME Tin price and stocks
Why then CSD and not other tin plays?
CSD is producing base metals (only waiting on transfers).
CSD is almost ready to release its DFS which should trump its PFS.
CSD will be producing tin at a time when the tin price should be increasing.
CSD's market cap is pitiful given it will soon be owners of assets worth over $250 million.
CSD's management have built a substantial company at a time when others are shutting up shop.
CSD is a Far North Queensland company that will benefit from the US/Aussie dollar exchange rate.
The price of tin in US dollars is $14,640 and the AUD is 0.7043 - making tin worth $20,786 in Aussie dollars.
Not many companies can make a profit with the tin price at $20,000.
CSD can.
CSD Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
