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Great news paves the way !, page-35

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Tazaus

295 Posts.

34

09/05/18

09:16

Post #: 32973016
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Originally posted by gopherbroke ↑

Interesting development on TGN and VML - THIS IS GREAT NEWS FOR SEI SHAREHOLDERS. !
And here is why .....

TGN appears to have 87.4mt at 0.18%
SEI has 47mt at 0.13% PLUS the stockpiles PLUS the Iron Duke which could potentially double the JORC resource.
With TGN trading around $0.69 it is gobsmacking that SEI are only at $0.02.
I believe TGN's foray into VML will, in all likelihood, end very badly and result in all those keen tungsten followers to ultimately shift their focus into SEI.
And why would they get out of TGN/VML ? Well, largely because of the economics of the project and the logistics associated with getting access to the project site through numerous river crossings etc where bridges may even need to be built to support heavy machinery, transport etc.
As far as the VML resource itself goes, its is speckled and scattered all over the place making for difficult and costly OPEX.
Go SEI !

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Hang on..... Firstly TGN's resource is over several sites not just one!!!!!! So please don't pull the 87.4Mt comparison to SEI, who have all their resource in one section.

Whilst the current SP of SEI is unjust compared to SEI, a SP of 4 cents is fair until we have all the agreements signed and dusted!

SEI Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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