I view the recent news that First Mine has received a Letter of...

I view the recent news that First Mine has received a Letter of Interest by the US EXIM as extremely bullish for the potential of First Tin to quickly ramp up operations following positive news relating to the approval process at the Taronga Tin Mine.

Assuming the DD and public consultation stages go as planned, it could also result in a significant rerate for MLX, producing potentially $50-60m (from their internal estimations) in annual free cash flows.
EXIM's support significantly reduces the funding hurdle.

An additional advantage of reducing MLX's dependence on the single mine.

With 1SN's market cap at £38m (~$A77m), there also presents an opportunity for MLX to complete a full takeover as today's valuation the market still has a low probability of the project moving forward.

Interesting times for MLX with a number of options to utilise their war chest (1SN, Rentails, ELT, Greentech, Divi/buyback, etc).
I think the management team has shown good ability to make plays when they see the opening, so let's hope that trend continues.