re: Ann: Prefeasibility results strong case f... Could have...

re: Ann: Prefeasibility results strong case f... Could have something to do with them having a plant in Vietnam (or will have by the time Big Hill is up and going)to change the concentrate price to ferrotungsten price. Especially since it also says 90% of the costs for the ferrotungsten plant comes from the concentrate. Perhaps they have figured all this in?

So instead of $188/mtu, it goes to $410/mtu, which would make it .16% * $410/mtu * 100 * 95% recovery = $62.38/tonne, minus whatever the other costs are of running the ferro tungsten plant.

I imagine the ecomnomics are a bit different if they can get the ore sorters to work (and it sounds like they are from the reports) since that reduces processing costs/tonne, added to the fact they are going gravity recovery, so no reagents, which again reduces processing costs.