MBG

[miner]

Posted on hot tips the other month,has done well and tin price going up,worth a look.

Cheers
Miner

[newz]

Morning Miner
4.8c seems to be holding as the new support line (also the present 200trade EMA level).
Looking for resistence around 6.4c.
Best wishes.

[miner]

Ta Newz,the old supply vs demand thing looks to be in there favour.

Tin soars without lead
By Robin Bromby
March 29, 2004
A DECISION by Dell and other computer-makers this month to abandon lead-based solder will add 10,000 tonnes a year to the demand for its replacement, tin.

Yet tin stockpiles monitored by the London Metal Exchange dropped below that same 10,000 tonnes last week.

Here is another part of the tin equation: Australia was once the largest producer in the world, but now our biggest tin company, Marlborough Resources, is capitalised at just $20 million.

The company is lifting output to 90 tonnes a month at Ardlethan in central NSW and has several other exploration targets.

Malachite Resources is drilling at the old Elsmore tin mine in NSW, and a private group last week bought the historic Renison Bell mine in Tasmania and plans to reopen it. But Australia's tin profile is still a very low one.









London-based industry analyst CRU International is predicting global demand for tin this year will top 314,000 tonnes, leaving a shortfall of 20,000 tonnes from the world's mines.

Dell's decision comes ahead of a planned European Union ban on lead in solder. There is talk in the US of banning lead shotgun pellets. Tin would be used instead in the pellets, and eventually in all bullets.

Still considered by many as an old-fashioned product, tin is gaining credentials as one of the more environmentally acceptable metals due to its low-toxic qualities.

But demand is driving the price up. Tin has more than doubled in three years.

Last Wednesday, it jumped $US450 ($607) a tonne in one day to take it back over the $US8000 a tonne mark for the first time in 14 years.

Yet Marlborough Resources has seen only flickers of investment interest. And traders yawned earlier this year when industry giant Malaysian Smelting took a 30 per cent stake in the company, a sure sign the Malaysians were going to put their muscle behind the Australian junior.

Cheers
Miner