The Mou may still be months away from finalisation Until this...

The Mou may still be months away from finalisation
Until this occurs CSD does not own SPM assets and other tenements.

The outlook for tin is very sluggish at present and CSD will require not only a favourable DFS to indicate that tin will be commercially viable, but significant capital as indicated in the IE report

At this point in time the only revenues ( cash flows) are from SPM assets which until transferred to CSD will still remain with SPM/SPI ( Mr Tong)

IMO
SPM are waiting the results of the DFS before the MOU is finalised.

If the DFS and outlook for tin is not favourable as tin prices have dropped significantly and or costs of production or CAPEX expenses are too high-

- The MOU may not be executed with the transfer of SPM assets to CSD

All revenues from production ( zinc and other base metals etc) at present are from SPM assets

This MOU and the previous MOU and the one before that have been dragging on for nearly 2 years now with the goal posts constantly changing and each time favouring the majority holder now ( 79.51% proposed holding)

After nearly two years no MOU has ever been executed and they have indicated that the current MOU may still be months away from execution.

This is being run like a private company with SPI/SPM holding all the cards and in full control


DYOR