SEI Vs TGN discussion, page-2

Resource size for tungstend and molybdenum
- 0.10% WO3 cut-off comprising Indicated Resources of 14.8Mt at 0.21% WO3 and 35ppm Mo and Inferred Resources of 72.5Mt at 0.17% WO3 and 220ppm Mo, totalling 87.4Mt at 0.18% WO3 and 188ppm Mo.

Mining September 2018, production 2018

MOUs (non-binding but still present)

Multiple projects at different stages of exploration and development

Cash of 16 million.

SEI - has established mine and small resource though adjacent tenements could offer significant upgrade


Needs to complete purchase of Quarry in march 2018 to progress plans for mining.

Cash 2.5 million

Has Salar and Gold


Hence whilst SEI (which i hold) and TNG are tungsten plays, the 2 are incomparable as businesses.

SEI will have it's time in the sun as greater confidence is reached with prospect of mining and increase in resource. However, as a tunsgten play, it can't be compared to TNG for the moment in size, nature and development stage.