Quaterly due out should give an idea of payments received for Tin production out of Granville ANW estimated 50 tonne of ore processed up until December, my calcs are $1,000,000 + and then there's the progressing approvals for the mine expansion which will enable ramping production targeting up to 550 tonne concentrate, at US $20,000 per tonne for Tin give or take. Thats equates to revenue of close to current market cap. Its my guess is this MC is going to receive a very healthy re-valuation quite soon. Buying at these low levels may well be a past memory in the coming weeks.
With an estimated in-ground resource of at least A$1.5bn plus further potential resources, AusTin is confident it will attract the right investment opportunities to bring the Taronga project into operation.
GLTAH
ANW Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
