VMS not far from proving-up a large rich tin resource and a BFS that will quantify the economies of the mine. The main cost is building a mill and refinery. MLX had big adavantage in that they inherited a closed mine with all infrastructure in goodish order. After a straightforward refurbishment... MLX swung into production a few years back. (then they sold half the Renison mine for a song, but that's another story!!). My point is: 1) MLX have established mill. 2) MLX have an established working Sn refinery. 3) MLX and VMS essentially same geology. 4) Next door to each other.
I suspect MLX mill is running at near to capacity and may not be able to process large amount of extra ore. But if their refinery is under-utilised why not consider getting VMS concentrate refined at MLX? I am not expert on these matters but its common for Ni miners to share refineries and there are many standard agreements in place.
If an arrangement can be reached it would save VMS much time and capital and ensure earlier cashflow. MLX would also benefit. Sn price is exceptional. I hope (VMS) can gain from this while Indonesia and malaysia struggle with prod issues. Any thoughts from VMS and MLX holders?
MLX Price at posting:
35.0¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)