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14,562 Posts.

10/01/15

11:11

Post #: 14563638
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Originally posted by delta charlie ↑

Unfortunately another thing to contemplate, tungsten APT price dropped to its lowest point since 2009 GFC this week as well (now sub USD 300/mtu). It is not so much of an issue of you are buying/selling (with some hedging) and simply making a margin, but without a margin, the appetite for equity into a company which has exposure to underlying tungsten sentiment (through their Mt Mulgine resources etc) will be tested currently.

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If that is right then the numbers used in the WLF feasibility study and promotion are now out of date and would mean that project would be marginal at best.

HAZ Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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