cheers bag. 'Tin closed up $648 to finish at $24907!' It's incredible. No other commodity can match the phenominal rise in Sn. Nothing come close. Best bit is Tin price is only half the story. Add-in the projected prod rise, grade increase, declining cost of production, add the earning accrueing to MLX are increasing at a exceptional rate. Imagine being the MD.... and saying to the marketing person: 'hey just wait another day B4 selling thos 600 tons, tin will probably jump another 500 bucks tonight.' Surreal. Because tin is facing a severe shortage from suppliers it provides confidence that these record prices can be sustained. Will we see 30k by end of October? who knows, but at least a 60% probability in my estimation.
MLX Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)