Did a few quick calculations on the scrap pad. Thats about $7.8...

Did a few quick calculations on the scrap pad.

Thats about $7.8 billion dollars worth of tin down that hole not dug out yet, plus another $500 million or so worth of copper.

Now half that is $4 billion, plus a bit, as MLX share.
The rentails are not included.

Divide that by the number of shares on issue about 1.6 billion, and you get $2.50 a share approximately of tin resource per share.

Of course the mining and overhead costs have to come out and the time discount, if you believe in that.

That is before the new gold assets. Also the cash held
Plus a world class (low cost to process) undeveloped nickel deposit in the bag for future development when suits.

And it sells for 23c a share?

Tin is the metal of electronics. What do we use most of our waking hours? Electronics.
Which metal is most difficult to recover in recycling? Tin would have to be one. Have to get rid of a LOT of other stuff to get at it. Some of worlds biggest mines are scheduled to finish up in the next half decade. Worked out.

Which is one of China's hottest stocks for this reason? Yunnan Tin. China's biggest producer. But Yunnans production has been declining and reserves too, from memory. Indonesia has cut back production to shepherd the resource for the longer term.

So we have here two of the best metals to be into. Both have big upsides and not much down.

If this was a woman, a Bishop would jump through a stained glass window just to get a look at her.

But hey most people in Oz have not got a much clue about world markets and the economics of the various metals, even though little is more critical for Australia. We know a bit though, dont we? There more worth knowing than todays football scores. Much more.


And t