Yes - that’s right - a jV with a Chinese company is very different than being half owned by a Chinese company .
I think with SRZ and MLX ,
1 plus .1 equals more than one point one .
two key realities
1 - resource needs drilling to move more to reserves and ideally grow - SRZ doesn’t have capital
2 for Mlx - they acquire a good resource than can be drilled out easily and can be mined with no capex . Last estimate was 57m now probably 75m . So the economics of the project as much more favourable without the need to build a mine
the proximity makes it a no brainier IMHO
whether it’s MLX or someone else - -SRz needs capital to move forward , not via a desk stop study recasting NPVs but in a real sense , to get it mine ready so the tin can be dug out and sold as market enters supply shortage
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $37.43M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $26.17K | 1.458M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 6643988 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 176636 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 6643988 | 0.017 |
8 | 1271565 | 0.016 |
2 | 2104701 | 0.015 |
3 | 921400 | 0.014 |
1 | 1900000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 176636 | 3 |
0.019 | 1129813 | 4 |
0.020 | 807801 | 2 |
0.021 | 342735 | 2 |
0.022 | 333333 | 3 |
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