KOR 0.00% 0.7¢ korab resources limited

Ann: Mining contractor for Winchester project, page-31

  1. 565 Posts.
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    Exactly. Korab has had this project for 13 years, ever since its IPO in 2005!
    The project is good, but nothing exceptional prior to 2017 compared to the Chinese suppliers. What has changed is that 25% of mining supply from CHina has been taken offline, and according to the experts might not come online for another year or two. This combined with Western governments and companies realizing that its not a good idea to have your magnesium mostly or completely sourced from China, and a spiking price of magnesite and the various types of processed magnesium has drastically improved conditions for Korab.
    It used to own a deposit that wasn't worth looking into, but now I think all the major consumers see Korab as one of their few options for large supplies of magnesite at a good price and from a reliable country and a reliable producer.
 
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