What a smash down for tin into 3Q book closing. Feels a bit like someone taking advantage of China being out on "Golden Week" to manipulate prices lower. Nevertheless, according to my LME data, tin averaged A$40,848/t for 3Q. Given that, and the 1.95% measured grade from the "2023 Renison Mineral Resource Update", I'm updating and tweaking my numbers below:
Now why are we at 30c again???
MLX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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