SEI 0.00% 2.9¢ speciality metals international limited

for those interested in tungsten stocks, thought I would compare...

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    for those interested in tungsten stocks, thought I would compare TGN with SEI​





    TGN MC 270 million​

    cash 15 million​

    resource - 87 million tonnes @ 0.018% wo​

    looking to be in production late 2018 and they have​

    MoU signed with Xiamen Tungsten Co., Ltd in early November 2017 -strategic alliance with major Chinese tungsten producer.​


    SEI MC 15 million​

    cash 2 million​

    resource 47 million tonnes @0.13% wo​

    NPV of 161 million​

    pay back period 1.5 years​

    10 year mine life, low strip ratio​

    all environment, bonds, permits and technical work completed with 2012 jorc ​

    possibly cash flow soon ( mid march) with possibly MOU signed with off take partner​


    so SEI has about half the resources if you multiply their existing MC by two you get a MC of around 30 million compared to TGN.​


    as you can see SEI resource is significantly undervalued here compared to TGN​

    here is the break down​

    SEI MC​

    15 million x by 18 times = 270 million​

    currently TGN is valued at 18 times SEI yet only has twice the size deposit?
 
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Currently unlisted public company.

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