Hi Wang,I can't speak to management as I have no clue who they...

Hi Wang,

I can't speak to management as I have no clue who they are either.

Vietnam is probably chosen due to its proximity to the South East Asia Tin-Tungsten belt (and cheap labour of course), plus it has to be outside China so there's not that many choices. Feed stock will be sourced from the region. I am not too familiar with the W producers in SE Asia but imagine that there would be many smaller ones needing a smelter.

100M does seem like a lot but once they demonstrate that they can market their product capital raising would be much easier and would be mostly cheap debts (my opinion anyhow). An unintegrated producer would have much more risk and would have a harder time raising capital. That said W price has been relatively stable compared to other metals and the bank dudes know that.

For me I bought this for diversification. Sure 0.1-0.16% isn't great but the low strip ratio would probably compensate it, plus some mines are already producing at that kind of grade.

DYOR