The quarry business is now ours. It will provide a very important ingredient called cashflow while the tailings plant is refurbished.
One of the main reasons why there have been very few tungsten mines starting up around the world over the last 10 years has been lack of finance. After the Wolf Minerals debacle this is likely to be tougher. This is where SEI has an advantage over the others. It can incrementally build up with a 4 stage process. 1. Cashflow from quarry. 2. Tailing 3. Stockpile processing 4. Hardrock mining
If the figures from previous feasibility studies are similar, the cost of tailing and quarry remains lower than hard rock mining which makes the project one of the cheapest.
Time for action
SEI Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
