Wow, I should read more into options... The tin spread is tighter than what I first realised.
http://www.reuters.com/article/us-tin-market-ahome-idUSKCN0V101S
After warrants, only 4890 stock remain on the LME and only 696 on Shanghai exchange. And more to he point, four shorts are facing off against four longs on the February date and one of those longs is a fairly big one, accounting for between 30 and 40 percent of open interest, equivalent to between 2,800 and 3,700 tonnes.
So, maybe less than 2k to 1k tonne!!!
Holy crap, I think I just wet myself in excitement.
;-)
That bloody alluvial deposit might just be worth a whole lot of dollars!!!
Add that to the already massive potential and POP, CRACKLE and MUNCH!!!!!!!!
-> CSD - $110 million NPV advanced stage tin project plus other leases.
-> CTM (100% owned by CSD) - Unknown value of alluvial tin deposits.
-> Snow Peak - MT Garnet processor (worth $100 million replacement cost), plus leases with at least $5 billion worth metals in the ground. Fully refurbished and working plant producing zinc, copper, lead, silver and gold.
-> Wanguo exploration agreement worth around $20 million.
-> MOO sold their tin deposits and leases to unknown Queensland company???
-> Yunnan Tin processed all our data???
Bring on that CSD base metals powerhouse!!!
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