Yes I agree that $800 value is nonsense, but you have got to remember thats a value on the tin TODAY. A lot of work, money and time has to be spent to get the tin into a sellable state, and once this has been completed then the tin which is being extracted will be worth more like $10,000 - $20,000 per tone after processing costs (just depends what price SRZ gets for the tin).
You also have to remember there is always a chance that the 49,000 tonnes of tin may never see the light of day so this all has to come into the calculation.
But I'm confident that this tin will be extracted and sold at healthy margins so we are all very happy investors, but there is still quite a journey to be had to get us to that point!
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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6 | 3249446 | 0.018 |
2 | 495000 | 0.017 |
2 | 230000 | 0.016 |
2 | 153333 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
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0.022 | 910829 | 1 |
0.023 | 1390000 | 3 |
0.024 | 2060585 | 8 |
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