The CSD tin value shown in the presentation is about right, however it does not give notice to the by-products, which as a tin-equivalent pushes CSD back up towards 0.56%, as it currently stands. (Hopefully, with the next drill results, we can improve on those grades.)
The other thing the presentation does not show is the ease of mining and production, which reduces costs.
CSD is not the prettiest tin company on the ASX, however it was always meant to be a low cost, open pit tin mining operation, and with its very low market cap, it will give better returns than what you can find with the other majors.
Plus, at this stage, CSD will be the next Australian tin producer.
CSD Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held
