Hi Mike Would have thought that if MLX had any spare plant and refinery capacity they would want to fill it up with their own material.
They have multiple sources and respected analysts are now talking the possibility of $40k tin.Even a five year possibility of $20k + tin makes imperative we fill the plant with our own product.
It is unlikely that this kind of opportunity will come again in the working life of management and they will be judged by how they seize it.
Conversely those wanting plant will want a long term commitment.Expensive to start and stop a mining operation. I would be dissappointed if we gave such commitment
If mining capacity is our most limiting factor buying their ground would be interesting option.
The potential synergy you point out is worth careful consideration
MLX Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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