Demand for tin is quite inelastic while supply is limited and likely to remain so. I see the longer term price for tin as buoyant and the tin at Mt Lindsay as a great strength for the company.
Provided the approval process is straightforward, I expect VMS to be able to become a producer of tin concentrate in a very short space of time. Once the company is able to get heavy equipment onto the Stanley River site, they should be able to measure the surface tin resource within six weeks.
Demand for tin is quite inelastic while supply is limited and...
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $47.60M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.3¢ | 2.0¢ | $155.3K | 7.525M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 790000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 270000 | 3 |
View Market Depth
| Last trade - 10.49am 01/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |