TGN and SEI, page-28

At this point. It's just more sellers than buyers. Sellers will eventually run out at these levels, but happy to be a buyer.

The VML guys cant work out why their stock is trading below the TGN offer price, so it's a strange market for small cap resources unless you're in favour.

We will have a quarry worth $5m? producing cashflow and a mining lease worth $15m to $30m?

Plus additional resource to drill out AND a ready made stockpile to process.

With TGN having a Chinese offtake agreement, doesn't leave too many non Chinese/Russian tungsten deposits around the world.

Our turn will come.

The next cab, some lithium drilling.

So, a market cap of $12m looks pretty cheap.