Great post Poseidon Ark.
My only question on Thor relates to the idea that it is a Julimar lookalike. Just because the EM looks similar in shape to a deposit 100's of kilometres away (and in the same geological sequence) doesn't mean it will contain the same amount of minerals and grades.
On Mt Lindsay I have questions about the low grade of the deposit and also why tin miners in the region such as the largest tin operation in Australia Renison 50% owned by MetalsX are not making money hand over fist.
MetalsX shares are sitting at 36c. In their most recent quarterly activities statementMetals X said
"• Production guidance for FY22 is 8,500 – 9,000 tonnes of tin-in-concentrate at an AISC cost of $21,000 -$25,000/tonne tin."
Whilst they are making profits at the current tin price ($70.32m EBITDA for the September quarter vs $41.43m EBITDA for the June 2021 quarter probably due to the higher tin price) the costs of production are high.
Great post Poseidon Ark. My only question on Thor relates to the...
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