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21:42
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Originally posted by insaf
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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.
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When comparing the fundamentals, the opportunities to similar tungsten focused stocks. It's a no-brainer. For me, this is hell lot more reward than risk
