Settlement

With settlement just around the corner, I thought that I would highlight (again) this very much undervalued company. Yes, I hold and yes I feel it should be worth so much more, however, I'll let the figures speak for themselves.

USD - AUD:  1.28576

PRE-SETTLEMENT:
Current price: 2.5 cents
Shares Issued: 279,970,521
Market Cap: $6,999,263

Includes:
NPV (at current tin price: US$17,150 (AU$22,050) approximately AU$85 million (after tax).
9.85% shareholding interest in Snow Peak Mining.
Plus alluvial tin deposits and other leases.
http://www.csdtin.com.au/wp-content/uploads/2013/2013-10-01 - PFS Presentation.pdf


POST-SETTLEMENT:
Shares Issued: 279,970,521 + 610,000,000 = 889,970,521 shares
Market cap: $22,249,263

• 1 MTPA fully refurbished and working concentrator (replacement cost over $100 million).
• Surveyor Mine
• Mt Garnet Mine
• Maitland and Einasleigh Projects
• Baal Gammon Mineral Rights Agreement (associated bonds of $10 million, cash backed)
• All Plant & equipment
• All associated mining tenements and information
• Farm In Agreement – Regional Project
• Minerals Royalty Deed – Near Mine Project (valued at over $20 million minimum exploration costs)
http://www.csdtin.com.au/wp-content...Transitions from Explorer to Producer ASX.pdf

The plant is currently producing at the following annual rates...
SPM produced 23,937t Zinc, 2,071t Copper and 7,232t Lead metal in concentrate with 227,265 (oz t) Silver and Gold co-products for FY’14/15...

Using today's metal prices:
Zinc: US$1,901 * 23,937 =US$45,504,237
Lead: US$1,728 * 7,232 = US$12,496,896
Copper: US$4,822.5 * 2,071 = US$9,987,397
TOTAL REVENUE : US$67,988,530 or AU$87,416,932

http://www.csdtin.com.au/wp-content/uploads/2015/11/2015-11-27 - CSD Investor Presentation.pdf

Now, we also find that the Snow Peak leases include two possibly similar tin mineral deposits to Gillian, one of CSD's main tin deposits. I'm sure there will be plenty more finds as drilling continues in the highly prospective green and brownfield areas.

Then add CSD's values to all this.

Once settled, CSD will have access to a funding arrangement for US$20 million ($25.7 Aussie dollars).

So, how much do you think we should be buying CSD shares for???

Note: Originally, SPM purchased the plant for $40 million at a fire sale... So at basic costs, combined the two should be $47 million (or 5.28 cents)... Which is stuff all given the work in getting the plant rolling, employing the people, exploration paid for courtesy of the Wanguo agreement, future and current profit potential and a positive sentiment to its basic commodities starting to occur. It has indeed been a hard last 5 years, however, read all the articles about zinc and tin, visit the company's website (www.csdtin.com.au), and you will see things are happening...

Still, we wait for settlement and while we wait, the share price keeps floundering as some traders mess around... But it won't be long... and it won't take much... and at least we will have the quarterly out within 8 trading days.  

;-)

BJ - Your little birdie must have been caught in a storm!!!