Tom McKay

Shares in Consolidated Tin soared after the latest study predicted they would be in production by the end of 2014. The PFS for their Mount Garnet project in Nth QLD could support a nine year mine life and 3,000 tonnes of concentrate per year. It's worth noting that the number of new tin projects is limited, and the world's biggest tin mine, San Rafael in Peru, will close by 2017. Managing director Ralph De Lacey told reporters on Monday he was near certain the mine would be operating and the company would be selling tin by the end of calendar 2014. He also predicted the strong tin price of nearly $US24,000 ($A25,927.73) a tonne would slightly improve next year, due to a healthy supply-demand balance, but he would not want it to go higher and force customers to seek alternatives. (VIEW LINK)


Please sign in to comment on this wire.