i doubt that’s the case. IMO management are seeing an opportunity to be a major supplier of tungsten to Western Europe of tungsten/tin and they are looking to step up and fill that void. Tungsten and Tin prices have only been going one way over the last 2 years and it will be much more profitable to expand the resource and become a bigger supplier. China controls 85% of the worlds tungsten supply currently so IMO western nations need to start securing their own supplies or they may be left with nothing.
RFR Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held