Decision made to do a BFS but they are basing BFS on present value of Tungsten which is 4 times higher than the prospectus. Will have trouble convincing bankers me thinks. Also they were hopeing for 50 g t AU equivalent well even though Tungsten has gone up 4 times since the prospectus they are only achieving 17 grams a ton Au equiv.
Going to take lots of convincing to mine
Got to give them credit for trying though and not sitting on their lorrels.
Looks to be around $30 M in revenue total though at present tugstem molydenum prices
- Forums
- ASX - By Stock
- nice move today
QOL
queensland ores limited
Decision made to do a BFS but they are basing BFS on present...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QOL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online