Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-21

Looks like a good deal. Cronimet aren't going to put their name all over an announcement unless they are serious. Tungsten is one of their preferred metals and it looks like they have been recycling it but now want the raw material. Russell and Stephen knew they had a world class asset and I'm sure they have set the price above 2c for the placement as they would have shown Cronimet the real value.

Also Cronimet taking a stake in SEI suggests there are more opportunities given SEI has a suite of other assets to look at (lithium & gold). This looks like a long term investment from Cronimet which should benefit all. 

Patience will be rewarded. Topped up again!!