VMS 3.03% 3.4¢ venture minerals limited

tin price history

  1. 1,857 Posts.
    Considering the lack of response to the tin assay announcement, I thought I would check out what the tin price is doing at the moment.

    It has dropped from a peak of around USD25,500/t in early May 08 down to USD11,300/t now.

    In AUD terms using exchange rates at the time, this is a drop from AUD27,100 down to AUD18,200.

    To put things into perspective, tin was selling for the current price in AUD terms at the beginning of this year!!

    Admittedly, the price graph trend is still negative ... but then ... so is the AUD/USD trend.

    OK, there's global credit crisis... yada yada .... but if Mount Lindsay was looking good at the beginning of the year when we had nowhere near the same amount of info, over reaction is certainly an understatement.
 
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