The tin price today through $US46,000 which on the projected numbers increases the ELT margin to $US35,000 a tonne.
I think we will see an announcement soon increasing the scope of the Spanish project from 750,000 tpa to 1.25 million tpa.This will increase tin output to over 4000 tonnes or a margin of $US140 million a year.The increase in output will increase capital costs but probably only to $US80 million which gives an 8 month pay back on a 15 year project.
Ann: Cleveland Tin Drilling Commencement, page-5
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Mkt cap ! $33.10M | |||
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| No. | Vol. | Price($) |
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|---|---|---|
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