SRZ 9.09% 2.0¢ stellar resources limited

Yes - that’s right - a jV with a Chinese company is very...

  1. 20,398 Posts.
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    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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