RE:Chances of the strategic review leading to being bought out? Alphamin is a prime target for a takeout for a number of reason.
Alphamin has a highly profitable producing operation.
Alphamin has the highest grade tin deposit far and away above anything else in the world. Grade is king as evident in Alphamin's very low all in sustaining costs. With high grades Alphamin can process a lot less ore to produce the same amount of tin as other producers.
The Mpama North deposit has a 12.5 yr mine life that is about to be expanded with recent drilling.
Alpamin is proving up the Mpama South resource. A new resource estimate is coming out in January.
Alpamin started drilling up targets along the 13 km Bisie Ridge that from geophysical work are likely to be high grade deposits. From the November presentation:
Bisie ridge defined by anomalous tin along its 13km
length
Mpama North and South “Signature” repeated as
an indication of potential cassiterite deposits:
Across license area – 13km long Bisie ridge
Structural interpretations and geophysical
anomalies
Latest soil geochemical sample assays
confirm strong anomalies
At least 6 replica Signatures of Mpama
North/South identified
Targets being refined for drill testing
First target drilling expected to commence November
2021
The demand for tin is growing and outstripping supply that is projected to continue.
Most likely buyer would be China. China is securing mineral assets in Africa and many other regions of the world. China is securing minerals that they are the leading consumer of in the world and tin is one of them.