Yes, the price of tin and/or the company's ability to secure financing (without a dilution of shares) is the real issue now.
I think the latter will follow the former axiomatically.
In the meantime, management has made it clear that they will immediately be doing further exploration to improve the resource base...this again, is another indication that they intend to go straight to tin mining if/when the price is sufficient.
Judging from my own research, I think the price will recover in the short to medium term as (a) current Indonesian suppliers reduce output, (b) as higher cost producers go offline, and (c) as demand recovers (the recent dip in demand being somewhat of a mystery to tin commentators, and certainly not sustainable given the reduction of stockpiles that will occur shortly).
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