My subjective value5 Apr 2018 10:42
Using $5k profit per ton of concentrated tin (my best estimate at current price and using $15k per ton costs) 800 tons = $4 M gross profit, so a reasonable market value of $30 to $40 M? Meaning this is currently significantly undervalued?
The mind boggles at 5000 tonnes of concentrated tin! Especially as the world is suffering a serious shortage of tin.
I agree investment is needed and this will lead to dilution of shares so the 5p current broker estimate is probably close enough for me currently. But thereafter, at 5000 tonnes, 30p?
Above is my rationale, probably very basic and flawed in parts (happy to debate) but DYOR