This is true but also not reflected in recent tin price moves,...

This is true but also not reflected in recent tin price moves, probably because this is when most alluvial is mined regardless of Indo export ban and the fact manufacturing disruptions would also be causing a demand drop. Think weakness in both MLX and tin will remain until the inflation/market implosion fears subside a bit.

So while I still hold a few MLX bags as well (I also thought 49-50c was going to hold as support) I would not be repurchasing more just yet. Tin price not seasonally strong until Nov-Mar period and I would suggest with market sentiment where it is, it is worth considering sitting on sidelines for now, probably until just before Sep quarter comes out showing the mucho $$$$ from high grade mining. As binwood pointed out, at that point, our EV will be looking mighty attractive and it should be coming into a rising tin price depending on what happens with market/world in mean time.