Hi Hottin,
thankyou for your informed reply - and apologies for ignoring rule no.1....DYOR....this stops you asking stupid questions! thankyou for your patience.
so Renison has a 700,000 tonne per annum tin concentrator up the road.....perfect and they are looking for ways to keep it running at capacity (hence about to spend $300m to reprocess 50yrs of tailings),
I can understand why current board wants to get this started and get under ground, as if this is similar to Renison then they'll just keep finding more tin.
"Renison remains the only major tin project in production in Australia and one of the few publicly held tin projects in the world." this statement from the Rension site starts to make tin sound like niobium!....nobody wants to share.
this company board/company is starting to feel like blk....smart operators with skin in the game, looking for most capital efficient restart with further expansion based on cashflow,
gives me more confidence in continuing to soak up shares offered at this level....now it's not going to be the next sirius but many investors I am guessing got in later after the price had risen significantly, but a few rode it from early on and this has led to happy retirements for those....so, usually I discover stocks that have had a significant run and usually continue to run but not as spectacularly as for those that got in on the ground floor (ie. in rap at 42c, whilst others in at 7c or less).....so with some patience and 2-3yr time frame, we could be well rewarded,
kind regards, SEAH.
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