Tin recovered slightly overnight, with the 3-month LME tin price up to US$22,750. AUD up slightly too, to 0.8964.
In Aussie dollars, tin is now $25,379.
Better news for us in the short term is that copper has moved higher too, courtesy of the US recovery and China's better-than-expected results.
Copper 3-month LME price is US$7255, or in Aussie dollars, $8093.
Given that the a certain other tin company is expecting to be in production early 2015 and is sitting overseas, how would the drop in Aussie dollar impact on their prospects? I'm assuming that they will make it, but will the returns be reduced if Steven's gets his way and AUD become 0.85???
At current share price levels, CSD and this other company is getting closer to near pegging, but I do think our latest deal helps us to sure up our future, and we still have drilling results to turn in yet, and a reduction in CAPEX is very much on the cards.
11 days to CHRISTMAS!!!
;-0
I sent you the spreadsheet, Mrmirboo.
CSD Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held