AFMJF - Alphamin: Perhaps A Good Time To Cash In On High Tin Prices
- Alphamin generated EBITDA of $74.3 million in Q4 2021 as tin prices almost surpassed $40,000 during the period.
- The price of the metal reached record levels of over $48,000 per tonne in early March, but they are down over 10% since then.
- I expect the price of tin to gradually return to around $20,000 per tonne in the near future, with Alphamin’s market valuation falling to about $400 million.
- I think that the company’s bet on the $116 million Mpama South project is a mistake as the construction time is about 20 months and tin prices are likely to be much lower when it's completed.
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Alphamin: Perhaps A Good Time To Cash In On High Tin Prices