Sorry, Wild Bill, am I missing something???
Given that tin is around $22k/t in Aussie dollars, how can a PFS be a ripper with it pointing to a price of $25k/t?
Wouldn't it be better for the PFS to based around something like $20k/t and still have a positive NPV. To me, it's like them saying we are good to go if the price stays above something which is not yet achievable.
I understand the possibilities that the tin price might get back up to above $30k/t, especially if our dollar keeps dropping. At 80 cents, the tin price hits $26k/t in Aussie dollars, but that is still some way off.
Ann: Becoming a substantial holder , page-14
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