"5. The price is below where they wanted it, but the sell down...

"5. The price is below where they wanted it, but the sell down last week forced them to set the price here."

This is happening across the board in junior mining stocks. The worst part is that often times it's not even shareholders selling down but hedge funds shorting the stock. Tragic, but ASX seems powerless to stop it.

Chris Brown, mining analyst at Morgans, is very keen on this play. He's been around the block a few times so knows what he is talking about.

Like others in the critical metals space I wonder if DFAT has made introductions to DoD and other US agencies.
https://discoveryalert.com.au/news/tungsten-defense-critical-role-2025/