Given the recent volume I would hardly describe these offers as walls. Activity has been very good over the past few weeks and could increase over the next week with the revised production schedule and an update on timing. I expect them to announce at least a 50 per cent increase in production and throughput. At current prices the stock is still selling at only 1 times projected cash flow on a 4000 tonne a year tin mine.Lots of good news to come and is definitely a takeover target at these levels.
ELT Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
