London Metal Exchange stocks 5700 tonnes . Dec 2007 12500 tonnes. Current tin price USD 17610 @ .7707 AUD 22850 / tonne. Production 8500 tpa @ AUD 22850 = AUD 194 million less costs AUD 10000 / tonne = AUD 85 million Leaves annual profit AUD 109 million.
One years profit + AUD 50 million cash in bank + AUD 30 million investments = AUD 0.18 per share. The nickel & phosphate are carried free. Dont panic just accummulate.
anyone know the latest lme inventory levels, page-2
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