On the face of it this stock is mega cheap, impressive major...

On the face of it this stock is mega cheap, impressive major shareholders, that have done incredibly well in other minerals,strengthening commodity price, george soros entering tungsten.

However, a Chinese joint venturer who specializes in tungsten pulled out of the joint venture, md after md leaves, reporting that next year they will mine
With all this commodity money the management have not been able to a get a funder that will go through with the development or been able to achieve an off take agreement.

Management could have potentially got a grant from the Tasmanian government, the major shareholders could afford to kick in an amount and debt fund the remainder

Outside the square, this mine maybe harder to mine than what has been announced


I am a dreamer but history says we will be in the same place in 12 months