Ann: King Island Scheelite Negotiates $2M Loan, page-3

After 10 years "on the bench" due to low APT prices KIS", current KIS status is:
1) Got it's first off-take agreement
2) Employed a mine development Manager
3) Obtained a $2m loan from the executive director at "mates rates" of 8%, cheap compared to other commercial loans for mining development projects (AJM's rate is 14% for their now producing mine).
4) Got its approvals in place.
5) Mine is located 700m away from port
6) APT Tungston price is now much higher, and also as a strategic metal, lots of Chines & US demand etc.

All the signs are lining up that this mine will be going into development & production sooner rather than later, SP should IMO re-rate if the long awaited remaining off-takes are announced and financing arranged.

This thing only has a $23m MC, would have to have a MC of many times that in coming weeks/months/years!

I'm set and ready and waiting for market participants to re-discover this "shovel-ready" stock.

Cheers

Risk (IMO, DYOR etc)