Ann: Dolphin Tungsten Mine Development Update, page-21

as for production volumes you should be referring back to the feasibility studies and any updates thereafter, as these are the basis of the project and shouldn’t change unless there are issues with execution.

for production costs again I would refer to the DFS and then add 15-30% on top depending on your personal views with regards to inflation.

Tungsten pricing is updated fairly regularly in company announcements, I believe the latest mention was in the region of $320/DMTU. Forecasts I would always take with a grain of salt but a large part of the attractiveness off the Australian Tungsten developers is that they are looking to provide an EX-China source of a critical mineral.

I haven’t revisited my figures since I invested so I won’t post them here, but for me the likely production cost hasn’t increased enough for me to revisit my assessment and reconsider my investment.