Noticed that the LME tin price has been trending upward for 12 months, even in the face of soft metals prices for many types excl. zinc? The $A trending down, and if ALP win next election may fall to US$60c. These two are adding extra return to the cash flow at Renison. The extra capital expenditure there is largely over. New tin is getting scarcer as old reserves are worked out and no new deposits are found. Surface alluvial tin has virtually all been discovered and worked. Chinese resources (worlds biggest historically) are declining greatly with over exploitation. Renisons pren mineable resources are expanding faster than they are being mined. True? Expect cash flow here to be better with considerably higher net profit ongoing.
MLX Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
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