Slightly off topic re Alphamin situation but below is a look at tin prices since 1993 in fiat money (US$) terms versus real money (gold troy oz) terms. It is striking that this recent tin rally in US$ terms has not moved at all in real money terms. In fact, it's still at multi decade lows. Since 1993 that has never happened before. Clearly the "real" revaluation of tin has not taken place yet. Incidentally, the same is true for several other metals, especially the PGM sector.
The average price per ton of tin since 1993 has been 16oz gold, or in other words with gold price at US$3,000/oz we get an implied fair value of tin at US$48,000. If you believe that gold is fairly valued at US$3,000, then tin should be headed for US$48,000!
MLX Price at posting:
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