Who is selling though?
This is really starting to get frustrating.
The tin price is up, we have cash available and everything is going to plan, yet someone continues to dump shares at a price which is significantly under what they should be valued at.
I REPEAT, Snow Peak just paid 7 cents per share for their option conversion and they are also prepared to pay 10 cents per share with a two year lock-away as part of the deal!!!
The project is worth post-tax plus A$122.6 million (NPV).
It has an internal rate of return above 131%.
The operating Margin (FOB) is above A$48.38/t
The life of mine cash surplus (pre-tax) is above A$404.3 million.
All this from page 10 of the PFS presentation (30/Sep/2013).
http://www.csdtin.com.au/asx-releases/2013-asx-releases/
See: 30 Sept – Pre-Feasibility Study
And the current tin price is $500 per tonne above the figures used to calculate those!
Crazy given our MC is around $17 million and only 10 months left. Other not-so-progressed companies are around 40-50% of their NPV, yet we sit around 14% of ours?!?
C'mon CSD, spit out the news and let's get the re-rating that we deserve. I'm sick of this crap.
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