G6M (ASX) KIS is now strategically important to the US military

Originally posted by phuket guy: ↑

You got the picture Broote- well done.

not only does china have 86% of the worlds tungsten, Vietnam has 6% , and Russia has 4%- that's 96% of the worlds tungsten coming from Cominist countries.

China purposefully dumped the markets by flooding the tungsten market cheaply in the 1990's and early 2000's to put all western mines out of business- and they did it. Part of their 50 year plan.

you cant run a military without tungsten you need it for your missiles /fighter jets. tanks armour and armaments. - never mind your aircraft and car building, medical and high tech industries.

when the big wold mine closed in England and the two big Canadian mines closed a few years ago - there were then no mines in North America at all. and just 4 low grade ones in Europe. plus in Bolivia which is a by-product of their silver industry so the Chinese couldn't shut them down.

Senator Mcain realised this in 2018 and passed a bill saying that US and Nato cannot reply on commie countries for their critical metals of which tungsten is the most critical of the main ones. The US govt also had to subsidize new production and buy western tungsten. EU and Nato signed on.

but where to get it from? only mines in Europe are Austria Portugal and Spain small low grade mines. (Ruwanda has some too but the Chinese have taken all that) china meanwhile is running low and cant dump the market anymore as it needs its tungsten for itself.

so there is the sanding mine in Korea - which already sells most all its tungsten to Korean industry.

the only other place with decent tungsten is Australia and Dolphin mine is head and shoulders above the rest for quality. so it's being opened - and US and Oz govt are behind it so . It will happen. More govt aid coming- just watch.

there's no way this won't open because they re short of 40 mill USD govt will give it or enough to make any commercial banks comfortable.

as I've been saying there is more going on here than meets the eye. We first heard about it from one of our Disallowed club members who moves in US military circles, -a few years ago. That's why we piled in and took the private placement. this is as sure as anything.

the western militaries and Industry MUST have Dolphin re- opened.

Look how3 much more the Candian govt is paying to subsidize reopening its two crappy defunct tungsten mines -CAD 400 million,

As for over 1$? that would be nice. And quite possible, but for now were thinking over 50 cents is already good enough for us. thats a Disallowed for us already.

Expand

I am thinking more inline with your figures, This stock wasn’t even on my radar till I saw the afr early yesterday morning. Chucked a sickie, read as much as I could on tungsten generally then the feasibility study before market open.

all looked the goods so I got in with a starter parcel at .16 yesterday morning. Ran the old NPV over SOI which from memory was somewhere near 76cents, minus discounting for pre-production uncertainty and am aiming for .50 odd.

will continue to add to my position up to .35 then see what happens

edit: the only reason I posted was to call out blatant ramping, then I got distracted, ha

Cheers, Jeff

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(20min delay)
Last 2.9¢		Change 0.004(16.0%)		Mkt cap ! $29.11M

Open	High	Low	Value	Volume
2.6¢	2.9¢	2.6¢	$26.93K	1.012M

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