Ann: Increased Tungsten in Updated Mt Carbine Mineral Resource, page-16

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GreatWA

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07/08/22

10:51

Post #: 62968611
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Originally posted by scottm: ↑

Hi Plonka

I think you are right. The extra mtus will be in the new BFS as the increased inferred to indicated is from the Open Pit - low grade halo and the Dyke West drilling.

It will probably depend how much of the dyke west is kept for the underground study or will they open pit the dyke west?

Still expecting the NPV will be somewhere between $200m to $250m and probably only relate to 2mt ish of the resource plus the LGS and the quarry.

Important to note it doesn't include the potential underground, most of the Iron Dyke.

and then you have a raft of other potential deposits that they have sampled but not drilled. There is a lot more value left in this baby!

Tungsten price has held up well especially the European price when compared to most other metals in recent months. On the demand side the current Ukraine/Russia and China/US issues are helping and the smoky is the Nyobolt fast charging electric battery using niobium & tungsten.

On the supply side, it seems production from Chinese and non Chinese is slowing. Some of the existing European mines are struggling with recoveries.

We just need some reasonable production from the 2 ore sorters and the new crushing plant.

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Thanks for info on Nyobolt. ASM for niobium and EQR for tungsten.....

EQR Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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Ann: Increased Tungsten in Updated Mt Carbine Mineral Resource, page-16

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