SEI 0.00% 2.9¢ speciality metals international limited

55 million to get a mine into production is peanuts, especially...

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    55 million to get a mine into production is peanuts, especially when considering the existing resource and future exploration potential . Unlike exploration it provides immediate value. Provided the business model is accurate, this will not be an issue. Offtakes will be followed by funding - whatever form it takes. The key is the demand for tungsten. If it holds this will move into production closer to the end of the year as it requires an upgrade not a redevelopment and at latest early next. However the key the quarry deal and tungsten price holding.
    Last edited by insaf: 10/03/18
 
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