Prospect look good, so SP should too23 Feb 2021 10:14
According to financial reports Tin prices have soared to a seven-year high after a manufacturing-driven buying frenzy that has drained physical stocks of the commodity.
TIN,
Due to increased demand and shortage of supply, Tin prices has been driven up more than 70 per cent from its 2020 low to almost $23,400 a tonne.
Copper,
Three-month copper on the London Metal Exchange climbed as much as 3.1% to $9,187 a tonne, the highest since September 2011, also helped by a weaker dollar. Last week, it posted its third straight weekly gain.
Both Tin and Copper should continue to increase in price, especially as the world starts to emerge from the Covid epidemic plus of course the more countries that wish to reduce their reliance on China.
Of course we await the discovery of the first rich seam, which is probable why the risk of none being found is reflected in the SP and many who bought shares on the float have lost a bit of confidence as some no doubt were won over by hype alone, so have sold out.
To those who like me are looking further down the line, surely this has to be a company to stick with, at least for the next 12/18 months.
A risk, yes, but one that's worth taking.