Tin price increasing,
now would be a good time to become a tin producer and have two sources of income!
USD tin price increased 44 percent
LME stocks declined 43 percent
29 July 2016 and reported a 12 year low of 2,895 tonnes
Chinese mine production down due to costs & environmental control
Indonesian refined production down with announced smelter closures
Myanmar mine reportedly in decline due to mine closures, albeit significant stockpiles remain
Approx. USD tin price US$21,000/t
ITRI forecast US$30,000/t by 2020
Approx. AUD tin price @ A$27,750/t
Tin is being increasingly linked to energy storage and generation which will place further pressure on LME stocks.
ITRI have reported increased tin demand for lead‐acid batteries (now the fourth largest use of tin after solder, chemicals and tin plate) plus potential new applications for tin (including lithium‐ion batteries, solar panels and fuel catalysts)
Dare I not forget our gold producing mine along with the May river and Bolobip Projects!
Mr Market we are so under valued!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
FID
NIU Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held