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
(20min delay)