SEI 0.00% 2.9¢ speciality metals international limited

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  1. 613 Posts.
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    VCR

    In short we don't know details yet as they are commercial in confidence.

    However we do know a couple of things.

    1. They haven't paid a large sum as they didn't have the cash reserves to do so.
    2. The Head lease has a royalty payment of 2.5% from the tungsten which will be extinguished. Therefore likely to pay for itself within a few years.
    3. Getting control of the whole site is the important part as it removes any major impediments. Therefore it's a major achievement.
    4. The quarry is the by product but provides a nice cashflow. It's not the big fish.

    I do know one thing.

    If you are wrong and the value that is a world class tungsten mine comes through, then you will kick yourself by saying you had millions of shares and sold them way to early.
 
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