Consolidated Tin's time to shine!
Post# of 8
Posted On: 11/12/2014 5:45:15 AM
Consolidated Tin is only a month away of becoming the new owners of Kagara's ex-Mt Garnet plant, mines and leases after it has agreed to buy out Snow Peak's stake of the project.
The plant is currently producing zinc concentrate and is expected to produce 50,000 tonnes this year, as well as copper and lead concentrate.
RVR (another company that snapped up some of Kagara's assets), is valued at double the market cap of CSD yet it is only going to produce half the amount of zinc.
RVR has a target price of 58 cents, three times its current price. So given that target, and the fact that CSD will have a working zinc-producing plant in a month's time, I'd suspect CSD will double to get to RVR's market cap then triple to get to target price, then double again as it is at least twice the size... and then there is the tin.
All up, a possible 12-bagger coming our way.
The plant is currently producing zinc concentrate and is expected to produce 50,000 tonnes this year, as well as copper and lead concentrate.
RVR (another company that snapped up some of Kagara's assets), is valued at double the market cap of CSD yet it is only going to produce half the amount of zinc.
RVR has a target price of 58 cents, three times its current price. So given that target, and the fact that CSD will have a working zinc-producing plant in a month's time, I'd suspect CSD will double to get to RVR's market cap then triple to get to target price, then double again as it is at least twice the size... and then there is the tin.
All up, a possible 12-bagger coming our way.
(0)
(0)Scroll down for more posts ▼