http://www.westmetall.com/en/markdaten.php?action=show_diagram&field=LME_Sn_stock
LME 3,465 $21,000/ton (A$27,526/ton)
LME warehouse stocks continue their relentless fall....just 500 tons above the 3000 ton level....we've only fallen beliw this twice in the past 14yrs and it would seem we are headed there (and lower) again....this is only going to lead to further strong price gains....price currently in a new uptrend though has moved a little away from the current trend line so may fall a fraction before resuming the climb??
A$30,000 here we come, over the next few months if we head beliw 2,500 ton LME level....and we have hit the Sep seasonal fall re Myanmar yet either....this will just massively increase the value of SRZ's resource and drilling results extending the resource will only push this value further,
Kind regards, SEAH.
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Price($) | Vol. | No. |
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