SRZ 5.88% 1.6¢ stellar resources limited

METALS-Tin hits 22-month peak, page-122

  1. 739 Posts.
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    I think this will come automatically with the resource we are sitting on once mining licence received....Peter is confident this will be achieved despite the process taking longer than expected...Peter is happy to talk about the longer than expected process....once received then we are in a strong position to move towards mine development.....with the money that many wealthy people have in Aus, it's frustrating that we should have to look at a JV....potential investor re VC or private investor/family would be strongest option?....MLX is looking at spending $200m on reprocessing their waste....and we only need $45-50M to get an mine/income started out of a $2b resource?!....MLX is up the road and if I where them I wouldn't even show any interest till mining licence gained....after that....things may get interesting....they have a 600k ton/yr processing plant that they are struggling to get near full utilisation.

    some comments on the ANW thread suggest their big jump (0.008 to 1.1....40% run in a few days) are not due to cobalt but due to leaks re imminent approval of Grantville upgrade or Taronga approval....shows what can happen on rumour alone!

    Tin prices have stabilised around $20,200 on the CFD market currently, we'll see where they are in the morning....

    buy side has risen again today, now nearing 1.5M shares wanted and orders have crept up to 0.39....no sellers budging below 0.042 so I suspect 3's will be long gone soon??....,

    kind regards, SEAH.
 
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1.6¢
Change
-0.001(5.88%)
Mkt cap ! $34.31M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $37.72K 2.414M

Buyers (Bids)

No. Vol. Price($)
6 2812544 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 143828 2
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