Why25 Oct 2018 21:31
I think ATM is a very good LONG TERM investment. Before ATM took over this mine it was the 3rd largest tin mine in the world and the 2nd largest open pit mine. Then the price of tin crashed and was abandoned, back in the 1980s I believe but not sure on that. With tin prices recovering and the demand increases ATM has come into play at just the right time. The strip ratio is one of the best I have ever seen on ANY mining adventure, no matter what you are mining for. 1 for 1 is the best overburden to ore is with out doubt is best ratio you will ever see IMO. Literally scrap of the topsoil and bob's your uncle. RNS 4 April will confirm this. Pegmatite ore body not only contains the tin as you all know, but a lot of other valuable minerals. When this mine was in operation I suspect they was only interested in the tin and other minerals just went into the waste along with the tailings. So again I would assume that those tailings would also contain valued minerals Google pegmatite and you will see what I am getting at. With the ever growing EV industry this prouduct (along with others of course) will be in ever increasing demand. I expect a few hiccups along the way, but for a mid/long term investment it's pretty good IMO. No advice given and I am certainly no expert in this area it's just an opinion that's all. GLA