Certainly seems to have some potential but would like to learn a bit more about the Tungsten market and see a larger resourse to extend the mine life to a least 12+.
Tungsten appears to be an unusal market with China controling 75% of the world production. Their domestic consumption is also forecasted to increase at double the rate of any new production over the next 3-4 years.
Seems to be some credence to China tightening the export of Tungsten due to the above which could make a 200 mtu pa mine in a secure political environment well supported by end users.
Announcement can't be to far away.
HAZ Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
