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Https://x.com/marketplunger1/status/1758174227964825901?s=46&t=5mOEYzBTM8ZZ17RcV_E7Zw
Indonesia supplies 20% of the world’s tin , read this and work out what this does to the tin price ⬆️ . All good for @Andrada_Mining bottom line and gives even more credence to the ‘lithium for free narrative’ particularly when you consider Petalite sells for $1500 v 6% spodumene concentrate which sells for a lowly $938 at the moment
Https://x.com/tinpricebot/status/1757066670877880752?s=46&t=5mOEYzBTM8ZZ17RcV_E7Zw
Yes , I’m also intrigued to see the potential numbers after upgrades to the plant , might not give us a full view along with the potential upscaling of production , it really does feel like we are on the cusp of something special here.
The more i see the details the photo is really does reassure myself that my research is correct and how over the next few years this really could be one of the shares that will keep on growing and growing .
Longer term, investment in and sales of electric vehicles and solar panels will see tin consumption pick up pace.
“Tin demand from the green sector could more than double by 2030, potentially topping 70,000 tons per annum equivalent to a fifth of current consumption,” Averion said.
“This suggests that fundamentals are set to remain strong and the focus will be on the supply side and the extent to which producers will be able to meet this additional demand.”
Just reading some old research notes on tin .
TSM believes the semiconductor industry is close to a bottom and about to enter the next cyclical upturn.
“For Mainland China in 2023, we anticipate the consumer electronics device market to see a more pronounced year-on-year surge as the zero-Covid strategy has ended and consumer expenditure, high street sales, and online trade avenues bolster purchases.”
Fitch has consequently revised up its forecast for global tin consumption to growth of 2.3 per cent year-on-year (y-o-y) in 2023 and 2.4 per cent y-o-y in 2024.
In the longer term, tin demand is expected to remain buoyant, driven by a thin pipeline of tin mining projects and a rapid increase in demand through electronics and solar panels. Fitch said this will cement tin as ‘a commodity of the future’.
Uis Mine Visit Main pit V1/V2 cluster
:- The really difficult thing to convey is the sheer scale of the resources they have to exploit. It has the potential to be mined for multi generations. It’s huge. To put it in context the resource at V1/V2 has been mined for years and is still years away of getting to the ‘motherload’ (remember the 100m plus intersection s) where they join up. Just this pit alone can be mined for decades.
:- And this is just one of the 180 plus mineralised pegmatites they have to exploit.
:- As it was mined and explored over many decades historically (just for tin in the past) they have access to a plethora of drilling and core data. This has saved them many years and tens of millions of dollars and really speeded up their targeting.
:- For instance they have a look a like to V1/V2, named W17 that from historical data looks just as big. Tim Marais, the head of exploration dubbed it “The Grandson’s Cluster”. One for the future!
:- They have spent a lot of time and money on a big push back ( hence higher ASIC) to expose multiple benches which gives them access to 4/5 years of ore at current extraction rates or 2/3 years as they ramp up production 🤞
:- Hitting their 200mt exploration target will be very easy as current resource only includes part of present pit
:- Pictures show the V1/V2 pit, I’ve indicated the two pegmatites and you can guesstimate where they will meet deep down. A slide showing where it meets . If you zoom in you can see the pegmatite (pale rock). Tim Marais Exploration Manager with some spodumene