If they get their first off-take agreement, we could see a lot...

If they get their first off-take agreement, we could see a lot more interest. My understanding is that once they get enough forward sales, the local banks will provide 50% of the capex and KIS will need to secure further funding to start.

Tungsten is flying under the radar atm, but as US economy continues to recover and old tungsten stockpiles diminish, KIS could fly. Also bear in mind KIS is fairly tightly held, with top 20 holding 70%. We have seen what that does when nothing major is being announced, which should reverse as they achieve funding hurdles.

Expect Simon Bird is in heavy negotiations for these initial offtake agreements. With CNQ achieving theirs with Mitsubishi, you would think KIS will find companies wanting to secure future supplies. Hopefully we'll get positive news at the AGM.

This stock will either boom or bust. With their resource, approvals and infrastructure in place they should make it. Only a matter of time, assuming they don't run out of it.

Good luck all very quiet holders!