Macrae, after reading a post of yours comparing the various tungsten plays, I want to draw your attention to one thats been left out: Minemakers (MAK).
They have various historical tungsten/tin deposits in Tasmania, among other projects. Just one of the deposits is:
LUTWYCHE
A pre-JORC estimate of 1.1Mt @ 0.45% tungsten and 0.45% tin is recorded. A shaft to about 40m depth accesses this deposit.
They have a predominantly fluorite project with tungsten credits that is:
Based only on higher grade and relatively shallow fluorite intersections, suitable for an open-cut operation, a pre-JORC resource estimate of 26.5Mt @ 18% fluorite, 0.1% tungsten and 0.1% tin in a magnetite host was made. In that restricted resource alone is a contained $2-3 billion of metal.
The last quarterly menitons cooperation with an Austrian company on the mettalurgy of some of their tungsten prospect is happening, and the Austrians are even funding a bit of drilling. Austria was previously a major tungsten miner but have run down their deposits.
They're actively drilling and have a market cap under 10 mill, check it out and great to hear you thoughts.
holding tight til it hurts, page-23
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