Here's an idea, sell the project to the major shareholders who are tin producers (who you would think would be major participants in any future fund raising for the development of the mine in the future), return the cash to shareholders and the company can be a back-door shell for another business.
What exactly are our $1.2 m board and management group going to occupy themselves with for the next few years, while they wait for the tin price to go up? Is this the typical day at KAS headquarters:
10:30 am - Arrive at office, check LME tin price.
10:31 am - Morning tea and read AFR
11:30 - Check LME tin price
11:31 - Lunch
3.30 - Check LME tin price
3.31 - Afternoon tea, play Candy Crush
4.30 - Home
KAS Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held