tin cracked AUS28,000, no doubt caught up in the nickel inspired base metals rally
the C2 costs are $18,000 per tonne. Fast Start production is 1250 tonnes pa and the original PFS was 4,200pa
at current tin prices using C2 cash flow pa is $12million for FS and $42million PFS
not quite good enough for debt financed development
Capex is around $45million FS and $110million PFS
However at AUS$35,000 tin price FS cash flow pa is $21million and PFS is $71million.
That means debt financed development is very doable, though there is still a big chunk of equity needed. JV makes sense, SRZ shareholders get a 50% free carry via JV and debt
In 2009 to 2011 tin rallied from US11,000 to 30,000 over 2 years. Tin stocks went nuts.
It is for this reason that I believe that a sustained tin price rally may produce exceptional returns using a JV model. That would imply SRZ value closer to $100million rather than $10million, or say 15c a share after further dilution.
Lets see!
- Forums
- ASX - By Stock
- tin news
tin cracked AUS28,000, no doubt caught up in the nickel inspired...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRZ (ASX) to my watchlist
|
|||||
Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $31.06M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.4¢ | $9.85K | 647.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1725638 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 1174397 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 313 | 0.016 |
3 | 1725638 | 0.015 |
1 | 484552 | 0.014 |
1 | 100000 | 0.013 |
3 | 419166 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 956793 | 2 |
0.017 | 975119 | 1 |
0.019 | 1000000 | 1 |
0.020 | 2312029 | 3 |
0.023 | 250000 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
SRZ (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online