Tin a critical metal? Hard to believe. After all, it’s been mined since 3000BC and is part of the Bronze Age.
Not only is it a critical metal for many new technological breakthroughs, however, but there’s a severe supply squeeze coming. The world’s biggest mine is in Peru, owned by Peruvian company Minsur. This mine provides 10% of world tin – and it’s due to close within five years.
Very good news for us, considering the T in YTC stands for tin - and the fact that we not only got some nice tin projects (Doradilla and Tallebung), but also own 25% of Australias bigggest undeveloped tin resource, Taronga. http://www.ytcresources.com/i/View_Page.aspx?id=19&Lvl=7,19&DGrd=0
Might still take a little while before tin prices really go up, but I take that as a plus: it gives us time to get Hera and maybe Nymagee up and running, creating cash flow that than can be used to exercise our options in Taronga mines ...
