Vital will be the next major world tungsten mine - it will account for 30% of the worlds non-tungsten supply. Has anyone considered that the largest shareholder is ConsMin and ConsMin is at the centre of a bidding war with the aim of building a diversified steel products company - how much of a strategic asset does thsat make Watershed?
Their are other short term tungsten plays out thare that will make some money but not on the scale of Watershed. Judging by the results released they almost have to have a higher grade core to the resource as well as very significant extensions in all directions.
Has anyone asked who Vital acquired the ground surrounding Watershed from?
Each to his own.
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