Time for the market to also take note of the value of Mt Lindsay and the relative importance of Tin to EV demand dynamics.
Why: Note the move in ELT today - tin assets in Spain - market now values these assets at $30-35m.
Vms total market cap is $55m and is also inclusive of Mt Lindsay with a Reserve of tin/tungston =46,000t @ 0.6% sn equiv
BFS NPV $143m 2012.
Commodity prices in 2012 used in BFS are in A$ terms relative to that of today ( with exception of Tungsten)
Worthy of a peer comparison via a review of Economic study headlines - note VMS is a larger and more complex project ( given the other commodity credits- copper, tungsten, magnetite).
VMS BFS link
https://www.asx.com.au/asxpdf/20121107/pdf/42b12qxl5r5cz3.pdf
ELT study ( refer page 6-7 for summary)
https://www.asx.com.au/asxpdf/20201111/pdf/44prqv4dfkcbyk.pdf
VMS: Riley Mine in TAS / Iron Ore Analysis, page-102
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.04M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $75.64K | 6.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1171408 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1613973 | 3 |
View Market Depth
| Last trade - 13.41pm 12/09/2024 (20 minute delay) ? |
| CRI (ASX) Chart |