Price of tin seems to be in correction before another surge later on.
TMZ is presently drilling Bygoon tin project and Bald Hill tin prospect.
and it has a targeted resource of 7200 ~ 20100 tons of contained tin.
Assuming the following:
- low end of the resource target is hit, 7200t tin
- using current tin price USD $28000/t
- AISC comes at 70% of current tin price, $19600/t=28000*70%
Net profit roughly would come at USD $60,480,000 = 7200*28000*(1-70%), more than our current market cap.
So allow me to jump to the conclusion and say we are extremely undervalued.
TMZ Chart, page-285
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