re: Ann: Heemskirk Tin - Latest Drilling Exte... Well i guess if...

re: Ann: Heemskirk Tin - Latest Drilling Exte... Well i guess if i do not post no one else does lol.


http://www.proactiveinvestors.com.au/companies/news/37234/stellar-resources-targets-resource-increase-at-heemskirk-tin-project-37234.html

http://www.asx.com.au/asxpdf/20121212/pdf/42bwhkm88hlhsd.pdf


http://mineweb.com/mineweb/content/en/mineweb-base-metals?oid=166294&sn=Detail


drilling has confirmed that Severn mineralisation of good thickness and grade at its Heemskirk Tin Project in Tasmania continues at depth

“Importantly, ZS120 has extended the Severn mineralised envelope from 450 to 550 metres below surface and augurs well for a resource increase in the review scheduled for March quarter 2013,”

Severn remains open at depth

DEEPER DEFICITS

The tin market is the only one of the six main industrial metals on the LME with a deficit forecast for 2013.

According to a poll of analysts by Reuters, its deficit is estimated to be 2,970 tonnes this year and widen to 4,189 tonnes in 2013.

The shortfall could get deeper, because small-scale mining in locales such as China, Indonesia and Bolivia, which accounts for nearly 40 percent of global mine output, is expected to decline in coming years as easily accessible deposits run out.

At the same time, few new bigger mines are due to launch production.

"There are many deposits but few real projects with economics that seem viable," John Sykes, director of Greenfields Research, said.

Many new mines have low grades of ore, which hikes costs. At a grade of 0.5 percent, a typical open pit mine would need a price of $25,000 a tonne to just break even,