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.
AIMO, DYOR GLTA(patient)H
I'm more inclined to believe that SRZ is currently in the...
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Last
1.9¢ |
Change
-0.003(13.6%) |
Mkt cap ! $40.77M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 1.9¢ | $56.07K | 2.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1764092 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 246829 | 2 |
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| Last trade - 15.11pm 23/07/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |