Near term multi bagger and tin producer, page-8

Must say the market cap of $15 million looks attractive for a company expecting to make sales revenue of $5.5 million profit based on the operation producing 550  tonnes of tin at a production cost of $15,600 per tonne when tin price is $25,600

The update seems conservative as a  40,000 tonne of ore production rate to get to 550 tonne of tin is below the resource

Granville Update

Improved operational performance achieved during the quarter.
 Receipt of formal approval for the Granville Expansion from West Coast Council:

• −  Increase in annual production rate to 40,000 tpa;
• −  Resumption of mining at high grade tin Granville East Mine;
• −  Construction of new infrastructure;
• −  Forecast production rate of 550 tonnes per annum of contained tin at A$15,600/t.