Here's how procurement works for large company's.Define...

Here's how procurement works for large company's.

• Define procurement proforma.
• Define potential suppliers and prerequisites based on #1.

High level prerequisites

1. Financial health.
2. Management experience.
3. Supply capability (which is obviously based on historical supply history) including industry reference checks.
4. Price and Terms.

Given BML aren't great on 1 or 3, and a bit short on in 2, then 4 is doesn't matter. There are exceptions to that, for instance in new industry establishment, such as lithium, graphite and most notably REE. The Silver industry in the West is well developed and so the likelihood any sourcing would come from an established supplier, not a developer still yet to make a FID.

Probability is low.