yes.. i think possible with current high tin price. With the acquisition of Klang plant, the Butterwoth Smelting site can make way for property development to unlock the hidden value. The land is located at prime area near jetty area and easily worth few hundred million ringgit.
(Bloomberg) -- Tin, which has surged more than 40 percent this year, is set to keep advancing amid continued shortages because supply is not coming on fast enough, according to Peter Kettle, chief analyst at research group ITRI Ltd.
Prices may rise to about $30,000 a metric ton in 2018-2019, Kettle said at an industry conference in Shanghai, an increase of 42 percent from the level now. The market will have a deficit of 10,000 tons to 15,000 tons this year and a similar shortfall in 2017, he said on Tuesday. Tin is among the top picks for researcher CRU Group next year, said Susan Gao, head of consulting in China.
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360Capitalist
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Posted by 360Capitalist > 2016-11-22 18:18 | Report Abuse
moneySifu, what you mean by PE3?