Meaningful amounts of shares bought by Directors. 1.75M at 6.75p. That's almost £120Ks worth.Very happy with this news. They clearly see this stock as undervalued considering it floated at 30p.Maybe this news will help to get the stock more noticed. |
The recent jump in tin prices to above US$35,000 per tonne, as the reality of constrained global tin supply and low inventory becomes apparent, confirms that in using US$26,000 our DFS has been developed on a very conservative basis. While this provides comfort on the downside, it also shows the tremendous upside potential as tin prices inevitably respond to the structural change in demand and need for new supply. |
They now need to start extracting... sooner rather than later. He did say 2025? |
First Tin's CEO, Bill Scotting, comments: "These excellent results build on our existing knowledge of the mineral processing characteristics of the Taronga tin deposit gained from work undertaken over the last 40 years. Achieving a 60% overall recovery rate for the LG material closely aligns with the data obtained by Newmont, substantially de-risking the project by demonstrating that recoveries are good for this below average grade material. If the gravity results from the second high grade sample are shown to be similar to those obtained for the LG sample, the overall recovery for the deposit will be significantly better, positively bolstering the project's economics. We look forward to the upcoming results." |
More good news out of this under the radar company:"Updated mineral processing testwork has shown significantly improved recoveries" |
Should hopefully see this move up further following that close above 6p yesterday. |
First Tin discussed from 3.35. This may have sparked some recent interest in the stock.hTTps://on.soundcloud.com/jc55VjibVANXAhnX9 |
Over 6p. Let's hope for a close around or above this level. Most investors so focussed on ATM that they've missed this one. |
A close above 6p and this really shifts imo. |
First Tin's CEO, Bill Scotting, commented: "This increased MRE is a large step forward for us at our Tellerhäuser project in Germany. In a world requiring more tin, but with few advanced projects such as ours, increasing our resources from historic drilling data mining is extremely valuable. The additional data from the equivalent of 1311 drillholes and channel samples has enabled a more robust resource model with significantly more tonnes. The increase in tonnage, especially in the Indicated category, allows us to consider a longer mine life in economic evaluations." |
Hit $35KTin price: 35000 (+1,021, +3.00%)8:19am London |
Still rising.#Tin price: 34695 (+716, +2.11%)7:00am London |
WowTin price: 33795 (+1,020, +3.11%)1:33pm London |
BloomberghTTps://www.bloomberg.com/news/articles/2024-04-17/short-squeeze-fears-grip-tin-as-lme-says-it-s-watching-marketShort Squeeze Fears Grip Tin as LME Says It's Watching Market |
Higher#Tin price: 33260 (+485, +1.48%)7:41am London |
#Tin price: 32865 (+1,176, +3.71%)7:53am London |
Also very important is has the exploration company already got the finance in place to get any mines into production thereby providing the company with an income stream. |
Still going strong #Tin price: 32960 (+953, +2.98%)2:23pm London |
I'm absolutely amazed at ho many posters continually post the commodity price of a mining exploration company thinking the higher the price of the commodity the higher the share price should be when it is the quality of the management which is by far the most important factor followed by the grade of the commodity in the ground. |
#Tin price: 32530 (+523, +1.63%)9:46am London |
I doubt this as First Tin's ore bodies are too small for any predator. |
Tin price could make this extremely attractive to a predator. |
The price of Tin is not really that important.
What is important is does First Tin have the finances in place to get the Tin out of the ground and to start to provide the company with an income stream. |
#Tin price: 32390 (+2,542, +8.52%)9:46am London |
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