CSD 0.00% 12.5¢ consolidated tin mines limited

Wizard 8 .. I share some of your enthusiasm, but ..Before we...

  1. 265 Posts.
    Wizard 8 .. I share some of your enthusiasm, but ..
    Before we look at p/e's of 5 or 10 and the market caps you're talking about ..CSD needs to prove up more than a 7-8 year mine life .. as capital costs will be around $130 mill or so and 30% taxes will also be paid (plus costs may end up higher as metallurgies need to be better understood)... and the tin price must be sustained long term.

    If it establishes a 20 year plus mine life and tin prices look good long term (not just medium term).. then we can start talking about p/e's of 10x .. or even 5x .

    Good luck to long term holders .. hope this works out for all of us... I'm just being realistic, I feel fortunate to have got in a couple of weeks ago.
 
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