Kasbah Resources opened on a really down day on the ASX and this...

Kasbah Resources opened on a really down day on the ASX and this is the only reason why Kasbah is at this price. They are clearly a 60c+ share, with the robust tin market going higher and two terrific projects in their back pocket.

Their main tin project has a reserve of 88000 tonnes of tin. This equates to in-situ value of approximately
A$1.5 billion.

It is also currently trading on AIM, where the company market cap is valued at 30 million pounds. Usually the AIM and ASX are on par with each other (in dollar value) and this would Kasbah Resources at a market cap of A$75 million (in other words 85c fully diluted).

Very good credentials/management and would be very surprised to see this share remain at these prices.