KEVIN WAMSLEY nailed the antimony story 8 months ago on INSIDE CHINA BUSINESS & a must to repeat because his message was simply spot on.
SO whats changed, antimony demand is greater, supply is choked off, prices up to USD 60kpt and rising, there is no new immediate supply ... is PPTAs story any different now we are 8 months down the track ... NO it's not ... & CHINA bans and tariff wars exacerbate the situation for the West.
BUT wait here comes LRV for 7% (5400tpa) or maybe 8% or 10% of global mine supply IF CLARKS GULLEY proves higher grade, is near surface/open pit and metallurgical recoveries are say 10% better ... BUYERS would be lined up & pay full ticket for every 25kt container.
LRVs DFS might just surprise on the upside & that would be nice.
AIMHO / DYOR / GLTAH.
LRV Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
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