I can't see how the float will be a goer.
Why would anyone, including Pattos clients, pay 20c/share totalling $5.5m to buy into the float of a tin explorer that holds tenements that were valued at best at $4m in the recent independent report and with debt of nearly $1m?
As a comparison:
1% of TIN (this float) costs $60K
1% of SRZ (another tin miner with far greater prospects) costs at current SP $61K
1% of ANW (a producing tin miner) costs at current SP $117K.
As you can see, buying into TIN doesn't seem to offer the value that spending your $ elsewhere could bring. Certainly I haven't bothered to spend a cent on it. I'm wondering why anyone else would either.
So @The Mole seems to have a good question to me.
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