RE:RE:Bullish on tin?For those that were looking for the tin play here. From the recent interim financials read below. I contacted the company and confirmed the play is not entirely dead, but is on life support. Essentially the mine owner has not been cooperative.
Tin was of small interest on my own list of top catalysts for creating more value..
1) A lithium refinery in Thunder Bay yet to be announced or promoted with any real substance.
2) The related/benefited lithum mine.
3) Nechalacho rare earlths
4) Cesium and tin
From the financials...
The Company completed a preliminary economic assessment during fiscal 2018 with a development model of utilizing the existing tailings management area (“TMA”) and had been in negotiation with the surface rights owner to secure full tenure to the project site. Agreement in principle was reached in Fiscal 2019, however, the surface rights owner subsequently refused to sign the agreement after putting on hold any new work on TMAs on all of its closed minesites. Not having access to the existing unused tailings ponds severely limits the possibilities for economic re-development of the site. This realization coupled with the continuing difficulties in getting surface access to the project site, caused the Company to decide to withdraw its lease application and to write off the costs incurred to-date of $5,587,210 as an impairment loss during the year ended August 31, 2020.