Well i think the recent run to 18.5c was largely based on a resurgence of the Tin price which had floundered since peaking (along with a number of other high profile metals). Is this just a short term correction in Tin (and copper/zinc) prices ? Have they reached their short term bottom and starting to head back up ? i think yes to both. Of course ELT, not being a producer will not be 100% linked to Tin Price. We'll need some announcements showing a clear path to production for there to be any significant movement in the SP. Seems this is an important project for the Spanish so it is likely there will be continued momentum forward with this project. However, in Spain (and other counties on the Mediterranean) things move slow... certainly slower than we are normally used to here in Oz and way slower than those in WA that are involved in similar projects are used to !!
ELT Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
