I said $1.50. I personally think $1 would be a steal once the...

I said $1.50. I personally think $1 would be a steal once the mine is operational.

Based on market cap assuming conservative calculations if you work the numbers through.

The themes here are very strong. Directly from the AFR:

• Australia looking to break China’s near monopoly on the critical minerals required to build weapons, electric vehicles and fighter jets, with this government funding committed to reopen this tungsten mine.
• China currently controls 83 per cent of the world’s tungsten production, leaving the United States and its allies, like Australia, vulnerable to export controls.
• The Biden administration is focusing on removing China from the country’s manufacturing supply chains, providing $US30 million ($40 million) in funding last month for Australian rare earths miner Lynas to build a processing plant in Texas.
• The deal was seen by Australia’s ambassador in Washington (Arthur Sinodinos) as proof the US was wants Australian resources companies to plug gap left by its move away from China.
• Tungsten is the crucial component in the manufacture of weapons, ammunition, ballistics.

I wouldn't be surprised if it was revealed that KIS is about to be supported by the United States government.

The market will look ahead of this and price it in.

Remember that $1 for this company is only a $300M market cap.
Big few weeks coming up in my opinion.