Yes Charlie, everything is for sale. I just hope it’s the WA...

Yes Charlie, everything is for sale. I just hope it’s the WA assets.

There is no way Riley can turn enough profit to get Tin into production and drill all the WA pie in the sky stuff.
My biggest fear is AR will put all the profits into drill rigs, not production.

Latest back of envelope calcs for Tin/tungsten.

Tin 80,000t @aud $50,000. $4 billion
Tungsten 3,200,000t @aud $415. $1.3 billion

The 2012 figure of $12k for mining is a joke. Other established miners in the area are closer to
AUD $25,000

80,000 x $25,000 is $2 billion.

So AUD $3.3 billion profit at today’s prices.
Happy if the mine costs $100 million to build.

An easy $2 share price for concentrating on one job only.

He absolutely needs to drop some good Tin drill results ASAP