We have updated our long-term tin price assumption to US$25,000/t from US$20,000/t on the back of accelerating demand and tight supply. Our analysis of potential projects suggests this higher price level will be needed to incentivise the new output required to fill projected future deficits. As a result of this, and adjusting for the updated Share Purchase Agreement (SPA) with Galena/Tin Shield, previous owners of South Crofty, our target price for Cornish Metals Inc (“Cornish”) is increased to ....
06 Jul 2021
Raising target to C$38c as we increase tin price on tight supply-demand; promising first assay from UD
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Raising target to C$38c as we increase tin price on tight supply-demand; promising first assay from UD
Cornish Metals Inc. (CUSN:LON) | 10.4 0 3.5% | Mkt Cap: 55.5m
- Published:
06 Jul 2021 -
Author:
Roger Bell | Jay Ashfield -
Pages:
11
We have updated our long-term tin price assumption to US$25,000/t from US$20,000/t on the back of accelerating demand and tight supply. Our analysis of potential projects suggests this higher price level will be needed to incentivise the new output required to fill projected future deficits. As a result of this, and adjusting for the updated Share Purchase Agreement (SPA) with Galena/Tin Shield, previous owners of South Crofty, our target price for Cornish Metals Inc (“Cornish”) is increased to ....