One a different but still relevant subject, for those who follow other Tin plays, KAS just got a buy recommendation from Octa Phillip.......
"Octa Phillip is bullish on tin prices, even though apparent demand in 2012 has been much more subdued than expected. However, supply will struggle, especially with the closure of the 38kt/yr San Rafael mine in 2017.
- We assume a long run tin price of $25,000/t which is not a bullish assumption give the lack of projected supply and the cost curve. Using this, we get a base case valuation of
35c/share. Tin demand has been unexpectedly subdued during 2012. ITRI attributes this to some de-stocking and a shift to smaller size electronic goods (eg. tablets v. desk-tops).
However, supply continues to struggle. In a global market of about 360kt, the closure of San Rafael in 2017, which produced 38kt in 2011, will be difficult to replace and the
present known projected are unlikely to fill this gap, without any increases in demand.
The price projections we have used are less bullish than those published by ITRI."
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $34.72M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $56.26K | 4.684M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 421924 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 1019226 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 421924 | 0.012 |
29 | 8938816 | 0.011 |
14 | 5209595 | 0.010 |
5 | 3468413 | 0.009 |
5 | 3788750 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 1019226 | 6 |
0.014 | 1750000 | 3 |
0.015 | 1471102 | 5 |
0.016 | 1750000 | 3 |
0.017 | 1196699 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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