The reality is we are a long way from being a tin producer. And iron ore is probably going back to $50 A ton as it will take that much of a drop to eliminate supply from the market to the extent that prices stabilize.
All bad news for VMS but it's a long-term play.
I doubt there is any reason to bring the iron ore mine into production now as it's unlikely to be able to produce at a profit in the current market.
There is a chance that as the world moves out of a pandemic demand will rise. Until that time I don't see much hope for the share price.
Tin, page-16
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