News on Ho Wah Genting in The Star

News:

• Tin mining prospects bullish since price hit all-time high on Oct 14
• Perak state: High price makes tin mining conducive

Interesting note:

• Ho Wah Genting is 35% owned by Perak royal family.
• Going to mine 1,800MT of tin in 2011 and double capacity to 3,600MT in 2012. Revenue could reach 1,800MT x RM80K/MT = 144 mil. Earnings could be in tens of millions by 2011, which will make this company stock price extremely cheap.