SRZ 0.00% 1.8¢ stellar resources limited

Been researching Tin stocks over last few weeks and have to say...

  1. 6,296 Posts.
    lightbulb Created with Sketch. 663

    Been researching Tin stocks over last few weeks and have to say SRZ stands out


    Tin sector has gotten little love and whole sector seems undervalued atm

    If it was lithium or rare earth it would embraced and bought & yet Sn is the most sought after metal and highest consumption % increase impacted by new tech

    I do think the market will eventually wake up and SRZ should benefit for the following reasons

    Stellar’s Heemskirk Deposit has the highest grade (6.6Mt @ 1.1% Sn) undeveloped tin resource in Australia & 2nd highest globally


    The Project is also just 18km to the southwest of the Renison tin mine, the largest and most productive tin mine in Australia


    SRZ set to begin drilling in May(overdue) subject to rig availability


    Scoping study completed in 2019 confirming attractive economics with low Capex


    NPV of $83m -based on $20k a tonne -(Now $30k a Tonne) +

    35% operating margin


    Current Share Price only 2.8c ($25mMC)

    - Yet to make any significant moves unlike other stocks in sector


    $4m Cash with a recent raise at 2.2c


    SRZ also has exposure to Uranium assets as it holds nearly 20m shares in AGE


    Interested in hearing others view on tin sector and particularly SRZ







 
watchlist Created with Sketch. Add SRZ (ASX) to my watchlist
(20min delay)
Last
1.8¢
Change
0.000(0.00%)
Mkt cap ! $27.96M
Open High Low Value Volume
1.9¢ 1.9¢ 1.7¢ $97.12K 5.598M

Buyers (Bids)

No. Vol. Price($)
4 1583362 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 1533223 2
View Market Depth
Last trade - 14.12pm 26/04/2024 (20 minute delay) ?
Last
1.7¢
  Change
0.000 ( 5.56 %)
Open High Low Volume
1.8¢ 1.8¢ 1.7¢ 2787260
Last updated 15.55pm 26/04/2024 ?
SRZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.