Decision made to do a BFS but they are basing BFS on present value of Tungsten which is 4 times higher than the prospectus. Will have trouble convincing bankers me thinks. Also they were hopeing for 50 g t AU equivalent well even though Tungsten has gone up 4 times since the prospectus they are only achieving 17 grams a ton Au equiv.
Going to take lots of convincing to mine
Got to give them credit for trying though and not sitting on their lorrels.
Looks to be around $30 M in revenue total though at present tugstem molydenum prices
QOL
queensland ores limited
