Do not sell cheap, page-17

http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Sn_stock

LME 2930 $20,700/ton, the levels continue to fall and sellers are starting to realise they have control at these levels of stock, prices up $445/ton in 2 days and $1,190/ton in the past 9 days....only three trading days left in Oct but we are also only $300 short of $21,000, so $21,000 before the end of Oct is still entirely possible!

http://www.theadvocate.com.au/story/4060428/tin-plan-highly-profitable/

the fast start study placed the restart cost at approx. $47.5M, with operating cash costs of $A14,677. Production restart plans where reduced from 600,000t/yr to 200,000t/yr , at 1.3% and at 80% recovery, this gives us approx. 2,080ton/yr. Tin price is currently $A27,058 (A/USD 0.765), leaving us $12,381/ton, or aprox. $25,754M/yr profitability, enough to pay for the restart in less than two, continue exploring and draw up plans to increase the modular nature of the plans to increase through put. The local economy in that area of Tas benefits hugely from $20-30M/yr that gets pumped into the area through contractors/suppliers. At $A25M/yr and a pe of 5 only, that puts us at $125M.....and we are valued at $13.5M! We need to get mining plan approved and funding achieved asap and get mining in 12 months not 2 yrs and be on the wrong side of the tin price curve, or risk the restart before us of other mines bringing supply back?,

file:///C:/Users/scot/Downloads/nASX7jrzVL_MLX_1477367812.pdf

Metals X is looking to spin out it's gold assets to concentrate on it's tin and copper assets. It increased tin production from Renison by 49% in the last Q, and yet supplies continue to fall, giving a profit of almost $14M for the Q from tin alone, and this profit level would appear to be going to rise rapidly from here. On a pe of 10 this values the gold and copper assets at only $300M! Their gold assets made $15,5M for the Q! Their share price has come off 30% like many many miners over the past few months, but now appears to have formed a double bottom. Their previous Q's tin profitability was based on a tin price of $A24,727 and we are $A2,330 above this already, add that to their Q production and their profitability jumps from $13.5M to $17.5M (30%increase!) for the Q and at a pe of 10 ($700M) that's 18% short of their whole value at present, valuing their gold at copper at nearly nothing. They can see this, hence the spin out of their gold assets as Westgold Resources? Ok, so this is not supposed to be a metals x rant but it is just to show/explain what is happening as a result of the tin price increases/falling stocks and where we are headed and why we need to continue moving forward with the restart in a timely/smartly manner,

kind regards, SJP.