Gee, that was another big drop in stokkpiles on fri nt ....

Gee, that was another big drop in stokkpiles on fri nt . Stockpiles are about half what they were about 9 months ago ,and continue to trend down .In fact the reduction in stockpiles seems to be accellerating in the last couple of months . There doesnt seem to be any supply in the future that can halt the down spiral of stockpiles . Tin price is still close to all time highs ,and threatening to break out to the upside again .In two and a half years Tin has risen from about $5000 to over $20,000t , or about 4 times . The Tin market is not as liquid as some other metals, and hasnt attracted large ,speculative investment ,and would seem unlikely that any price dump could occur .It seems to be a genuine supply / demand price rise .
What will all this will mean for MLX ?
Huge profit margins once the Renison tin mine starts in a couple of months time , and an equally huge rerating .With $70 billion of Jorc compliant Nickel ,Cobalt and Tin in the ground , and a tiny $300m market cap ,its only a matter of time . Guinness Peat , APAC and Jinchuan are on to it .