Every raw material needs an incentive price otherwise it's not worth the effort. Once that price is reached it encourages all
stakeholders let alone shareholders to invest in new supply to meet demand. It's usually cyclic and it spears on a new generation of supply.
Until recent times, everybody in the world has not been making much money from Tin or if they have, they did with little regard for their people, the environment and their communities. However, as
@Voytek has indicated the Tin price is now about US$38,000 and has been over US$30,000 for most of the year.
When you’ve got the highest grade underdeveloped Tin resource in Australia and the second highest globally, it's understandable to preserve capital and '
bide your time' until a more favourable price (inventive) returns. Diversification into the potential gold play was part of the stalling tactics IMO until such time arrives. However, we are now at that point, there is no looking back. The longer term support for Tier1 Tin players with 'Tier 1 ESG credentials' that are near-ready to supply, will benefit and be fundamentally crucial in this new technology transition that is upon us.
Good shake of the tree today!
Exciting times.
All IMO, DYOR, GLTA(
Patient)H
