Part quote from announcement:
"The completion of the 2017 drill programme at Torrington and the increasing tungsten price has led to the Company reassessing the strategic pathway for the development of the Project. This change in strategy involves commencing the application process for a Mining Lease; the start-up of the main topaz research programme at UNSW; and, completing a JORC 2012 Mineral Resource estimate based on the 2017 drill results. Given the importance to have access to mined product for the supply of topaz concentrate in the event the topaz research is successful in the short-term, the Company’s Mining Lease application will be based on a staged development with an initial lower tonnage plant throughput".
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Outlook looking positive however strange it's not reflected in the depressed share price.
Seems there is a lack of enthusiasm for TTW !
Any offers why this is so, given the recovering tungsten price ?
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- Ann: Torrington Tungsten and Topaz Project Update
Ann: Torrington Tungsten and Topaz Project Update, page-2
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