I think you will find that it is scheelite that fluoresces under UV not Wolframite. Wolframite is magnetic. It is not that unusual to have a plant size less than the mining rate. It all depends on the size of the mining fleet and the stockpile sizes. As for the plant being tin pot, the pictures in past reports are illuminating. Some of the gear is robust. The Mineral deposits jigs where built in Qld and built to last. The mills etc are ok, however you can see that they used relatively cheap conveyors/trusses. They would have been fine for a number of years but would have needed replacing eventually. The prjoect economics have been discussed before. It was always a marginal project, but NO recovery to a saleable conc.will certainly kill any project.
Arsenic is a killer for tungsten, as are a few others contaminants. There is at least one other company listed on the ASX , with a tung show O's that , when you look on google , would seem to be potentially facing similar issues, with clay and As. A major problem with QOL is that they didnt seem to make a market conc early in the met testwork. This is a critical flaw if it didnt happen. Why spend all that money when you dont know if you can make a conc you can sell? And it was supported by a "Large Voice" broker early. Shows their level of understanding as well.
I will only support companies, in these types of commodities, that have produced a market conc on reasonably sized equipment before they will get my hard earned. It is part of my check list for buying. DYOR
QOL Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held