They would pay fair value.
What would a 10 year Tungsten resource with full mining permits be worth?
......at a time when price of Tungsten is reaching new highs?
Just start digging......all the hard work has been done!
With recent cap ex savings, we would now be looking at NPV of over $200m.....and the resource is open along strike / depth....so long term NPV will be greater.
$15m to $20m cash + trailing royalty is minimum expectation to get my vote.
Ann: Trading Halt, page-57
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