The Masan Group operate a producing tungsten mine in Vietnam and consequently are experts in the tungsten market - If their predictions of a $450 APT price become reality, this will put an extra $135 per mtu (10kg) on the EQR bottom line (DFS assumed a price of $315) which is massive.
This timing of EQR's production ramping up at the exact same time as the APT price ramping up, simply could not be better........
Below is an extract from a recent article about Masan
:" The tungsten market regained its momentum growth late last year, after several years of oversupply and low prices. According to Mirae Asset Securities (MASVN), the recovery of the world economy after Covid-19 and the conflict between Russia and Ukraine have pushed tungsten price up to $350/mtu, an 11 percent increase compared to the end of 2021 and 24 percent higher than the 2021 average."The price of tungsten will continue to increase in the coming time," MASVN said. The company believed that the demand for change in automotive technology from gasoline to electric vehicles and military conflict are significant drivers of the tungsten price increase, which is even projected to exceed the historic peak of $450/mtu established in 2011 when the world recovered from the 2008 economic crisis."
Add to My Watchlist
What is My Watchlist?
