I'm more inclined to believe that SRZ is currently in the transitory re-rate period before emerging as a stand-alone source of fresh global tin supply.
Any conversation about a joint venture, buy-in, or takeover is risky. MLX has already laid its bed by being 50% Chinese owned. Therefore, if MLX was going to act, it ought to have done so when the chance arose preCOVID rather than while SRZ is in the midst of a drilling campaign. Particularly now that SRZ has amassed enough extra information to maybe boost its economics, resource, and overall value.
Currently, ESG poor or unstable jurisdictions provide 80% of the world's tin supply. The US or another OECD nation will undoubtedly be looking for a Tier1 supplier without any Chinese connections.
Due to limited exploration and investment in new projects over the last twenty years or so, there isn't much choice either.
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