Jacob is the Aussie name for Rado, the ex-RIO Geo in Chile.
The important part of yesterday's announcement was geologically similar salars to the salars in production but at lower elevation allowing for evaporation all year round and at higher rates.
Tungsten price has increased to $327-$336 from $325-$328.
Once the quarry is ours and an offtaker signed then the stockpile can be sorted. It will be reasonably easy to expand the reserves by drilling Iron Duke.
I noticed WLF still not making money at these prices. It's only a matter of time until the 2 largest shareholders gobble it.
SEI Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held