CSD - Merger with SPM value...

Thank you Boy Wonder, for such a well thought out analogy. You are spot on.

To look at from a mathematical perspective, here's the financial details:

PRE-SETTLEMENT:
Shares Issued: 279,970,521
Market Cap: $6,439,322

Includes:
NPV (at current tin price) approximately $85 million (after tax).
9.85% shareholding interest in Snow Peak Mining.
Plus alluvial tin deposits and other leases.
View attachment 146254
http://www.csdtin.com.au/wp-content/uploads/2013/2013-10-01 - PFS Presentation.pdf


POST-SETTLEMENT (If it ever eventuates):
Shares Issued: 279,970,521 + 610,000,000 = 889,970,521 shares
Market cap: $20,469,321

• 1 MTPA Mt Garnet Concentrator  (replacement cost of $100 million).
• Surveyor Mine
• Mt Garnet Mine
• Maitland and Einasleigh Projects
• Baal Gammon Mineral Rights Agreement (associated bonds of $10 million, cash backed)
• All Plant & equipment
• All associated mining tenements and information
• Farm In Agreement – Regional Project
• Minerals Royalty Deed – Near Mine Project (valued at over $20 million minimum exploration costs)

http://www.csdtin.com.au/wp-content...Transitions from Explorer to Producer ASX.pdf

The plant is currently producing at the following annual rates...
SPM produced 23,937t Zinc, 2,071t Copper and 7,232t Lead metal in concentrate with 227,265 (oz t) Silver and Gold co-products for FY’14/15...

Using today's metal prices:
Zinc: $2414 * 23,937 =$57.783,918
Lead: $2434 * 7,232 = $17,602,688
Copper: $6422 * 2,071 = $13,299,962
TOTAL REVENUE : $88,686,568

Previously, we had figures aiming for $130 million... But of course, the metal prices tumbled and things never work out like planned. I'm absolutely certain of the costs but last quarter with metal prices at their lows, CSD was close to cost neutral.

http://www.csdtin.com.au/wp-content/uploads/2015/11/2015-11-27 - CSD Investor Presentation.pdf

Then add CSD's values to this.

I can understand why you, TBW, myself and others are favourable towards CSD. If the metal prices hold or continue to rise, or the tin price holds or continues to rise, or both, CSD has a very bright future, especially if they can get things organised and settled with SPM.

Time will tell.

At current price of 2.3 cents, it's back to a buy for me, considering all the pros outweigh the cons by millions!