Great post Poseidon Ark.
My only question on Thor relates to the idea that it is a Julimar lookalike. Just because the EM looks similar in shape to a deposit 100's of kilometres away (and in the same geological sequence) doesn't mean it will contain the same amount of minerals and grades.
On Mt Lindsay I have questions about the low grade of the deposit and also why tin miners in the region such as the largest tin operation in Australia Renison 50% owned by MetalsX are not making money hand over fist.
MetalsX shares are sitting at 36c. In their most recent quarterly activities statementMetals X said
"• Production guidance for FY22 is 8,500 – 9,000 tonnes of tin-in-concentrate at an AISC cost of $21,000 -$25,000/tonne tin."
Whilst they are making profits at the current tin price ($70.32m EBITDA for the September quarter vs $41.43m EBITDA for the June 2021 quarter probably due to the higher tin price) the costs of production are high.
Thor now Tier 1 potential, page-18
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.86M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600000 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 110000 | 2 |
View Market Depth
| Last trade - 16.16pm 28/06/2024 (20 minute delay) ? |
| VMS (ASX) Chart |
Day chart unavailable