I suspect that you have not been following SRZ closely enough to make those assumptions. Not sure why you would call this a lifestyle company. Since Fietz has been on board , he has been transparent, looking for shareholder value, spent money frugally & is trying to improve his personal standings in a tough industry. We had a crack at the deep target in Severn looking for the source (1195m) - Aberfoyle also believed this to be the case & a positive result could have created a multi bagger situation. There was a unofficial "low ball" offer to obtain the Heemskirk project years ago but it was knocked back. We have increased our reserves & indicated amounts which was always the objective since he came on board - improve longevity & economics of this project to make it look attractive for investors. We obtained many projects in the NE which show potential (elephant country). We are about to drill an outstanding target next to the Great Pyramid tin project in North Scamander. Our neighbours made an offer for both adjoining tenements some time ago but were knocked back by SRZ. Successful drill results could cause this stock to multiply - great analysis & indicators throughout if you read the last release on North Scamander / Scamander inc other possible targets in the area. The team has also been confident that the resource at Razorback trends to the south at deeper levels & the other reported exploration targets create speculative interest. Razorback has not been taken into consideration so far - I believe their has been some drilling on pit floor level & it would take a few more shallow drill holes to maybe add a resource. The SRZ team has managed to get regular financial grants from the MRT & obviously has their respect. As you know in this field, we can live & die by the drill bit. They are giving us a chance from the exploration viewpoint & obviously infill results will improve our standings with Heemskirk when the MRE / PFS is updated soon. Of interest to me are LOM, cut off grade used, whether they have a fast track option, use of Dizier tailings dam (if able to purchased) & use of ore sorter ?? I suppose the question's for investors are :
Do you want this level of investment risk ???
Do you believe in the future of tin demand ??? If interested look at the ITA website - plenty of info on various projects throughout the world including the outlook of tin uses/demand. Other related info around including a recent interview with Lara Smith (INN) about antinomy & tin / smaller markets, etc.
On another note regarding Myanmar tin mine closures who have supplied about 7% of the worlds tin supply. The government body has detailed the following changes to tin operations (as per ITA's website on the 24th May):
"1. All mines within the mining area of Wa must gear up for the cessation of production from August 1. Preservation of existing facilities and infrastructures is mandated, with stringent penalties for intentional destruction or safety violations.
2. The state’s mines, open-pit mining areas, and concentrators are to enhance safety measures in slag piles, tailings, roads, and rivers prior to the rainy season to prevent safety hazards related to the mining halt.
3. Pumping operations will be permitted to avert mine collapse and minor damages, but any form of exploration or mining will remain prohibited.
4. Mining companies are instructed to collaborate with the Bureau of Industry and Mining’s Man Maw Inspection Section to settle wage disputes and trade debts for mining workers, precluding potential large-scale safety incidents.
5. A smooth demobilisation process for mine workers, inclusive of water and electricity safety provisions, is stipulated."
For me , I am patiently (+impatiently) waiting for drill success & the project moving to development status sometime into the future ??? Maybe the future of tin mining is seriously starting to take the environment & people seriously into consideration, Willing to take this journey further & have belief in Gary & the teams approach in what is a tough industry especially in a "misunderstood" minor metal. Good luck with your future investments. DYOR All in IMO of course !
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Last
1.8¢ |
Change
0.001(2.86%) |
Mkt cap ! $37.43M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $6.035K | 344.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2441904 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 2326940 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2553069 | 0.017 |
18 | 4256993 | 0.016 |
18 | 5532166 | 0.015 |
7 | 2391009 | 0.014 |
2 | 406542 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 2380940 | 6 |
0.019 | 3064225 | 5 |
0.020 | 3254575 | 6 |
0.021 | 939350 | 4 |
0.022 | 260000 | 2 |
Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
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