Your suggesting that SRZ is most likely to fail. Firstly look at the high grade polymetallic hit at Scamander. There is a strike length of over 400m+. Could be a catalyst in its own right. The other suggestion is that there could be a high grade source of copper or tin at depths - the whole corridor is very mineralised. BHP did have a 200m hit of very low grade copper near this area but never found the source. I would also suggest that you look at the 2019 Heemskirk data & possibly extrapolate those figures with your suggested tin price / Capex costs / etc. My thoughts is that project could have at least a IRR of 100% & could be a possible ten bagger if successful. As @Autosime suggests that Nero are not looking for low returns. Also the new management combination have been successful in the past in getting value for projects. Just my thoughts. DYOR.
MLX Price at posting:
29.3¢ Sentiment: Buy Disclosure: Held
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