CSD consolidated tin mines limited

Seems a pretty good summary to me OceanView is nearly a replica...

  1. 1,105 Posts.
    Seems a pretty good summary to me OceanView is nearly a replica of my thoughts.

    It is a shame the DFS had to be delayed again but the reasoning is justified and probably very important given the tin price is not strong at present. A lot to look forward to with the drilling assuming they produce the results as this for me has a chance to add some extra value to the company if they produce the results, in a low risk way I might add.

    One thing I am impressed with is the $20.685 million of sales vs $13.4 million of production costs for a rough profit of $7.2 million. Take that loan payment off the books and CSD would have really put some serious profit in the bank which bodes well for future quarters if prices can hold up and even more so if the resource base can be expanded.

    Definitely not seeing any major negatives, perhaps someone else whose better at spotting these kind of things can offer additional input?
 
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