strayda,
"....no real news..."
Are you serious?
They now have $9 mill cash in the bank.
They have told the market that they will purchase Mt Carbine tungsten mine....it's GO!
Mt Carbine was one of the biggest operating tungsten mines in the world when it closed because of low metal prices.
As of 1988, it has a resource of 28 Mt.....and a shiit load more higher grade under (deeper) the current resource.
They will use the cash to get a JORC figure....and finalise BFS.
They have also got on board a top shelf geo who has worked for Newmont amongst others....this guy would not come to a spec company if it was a dud.
That is NEWS !
How much for a Tungsten mine with a 15 year mining license already in place, 28Mt resource ????
imo $100 market cap just for Mt carbine.....then you have the 500,000 oz JORC gold....and Whumbal West.
I'm not trying to ramp, as i have been in since 1.6c.
BUT, i laugh at the traders who cannot place a value on RAU using fundamental analysis.
DYOR.... do not listen to any HC posting for investment advise.
what a fuss, page-9
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