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Hi Snail,

This is a highly prospective stock IMO however it is going to be one of those ones that you'll have to be very patient with.

It only floated a couple of years ago with a 20c subscription price and upon listing has slowly drifted lower and lower.

It didn't help that not long after listing the GFC happened and that the Tin price also halved.

The way I read it the Chairman Ralph initially had the leases for which they have the massive JORC at Mt Garnett, and in exchange for them he was given a massive amount of shares and options in the company.

So it's in his best interests to get a mining operation up and running to try and extract the massive resource CSD are sitting on.

They have indicated that they want to start mining this year and in the recent quarterly it says the applications for the appropriate permits needed for this have been lodged.

The only problem is they don't have much money in the kitty (about a million) so financing the processing plant and mining operations needs to happen next.

Obviously once they generate cashflow from their mining operation is when the market will re-rate this company, so hopefully they can find the cash to get it going.

With the Tin price heading north again they would want to get it going ASAP.

I only invested in the options as they expire in Dec 2014, so with a bit of patience I believe they will be producing Tonnes and Tonnes of Tin by then and will be rewarded in the long term.

Hope this helps,

Cheers