Once financing is secured the risk here is basically 0.
This is becoming more of a no brainer as the days go on.
Tungsten is one of the highest critically acclaimed metals recently.
We have one of if not the highest grade tungsten mines in the world.
China and US tensions are building. Biden and Borris have come to the agreement that western societies need to look for critical mineral supplies outside of China.
China has 80-90% of the worlds tungsten currently.
This makes our mine ever so more valuable.
Tungsten is heavily used in militiary/defense and mining equipment. Makes sense with tensions between US and China that the US should look elsewhere for their tungsten.
All Financing for KIS Expected to be completed by May 31st.
I expect it to be sooner as theyre already in advanced stages of discussion with state and federal governement.
Current NPV of 284m on a 8yr mine life.
With underground mine works this could be a 14 year life mine and the surrounding land is also expected to be rich of the same levels of tungsten pushing NPV out to more like 500-600m which is $2-$3.
We are currently at 28.5c after a retrace and if (which is a 99.9% probability "if" ) we get the financing secured, the risk vs reward here is incredible.
See below some photos from an article 3 days ago.
This is no longer speculation, its just information.
DYOR and make your own decisions.
OTB.
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