SEI Vs TGN discussion, page-27

Ok, I'll start the comparison. Happy for others to add or correct.

SEI
Tungsten
- proven deposit (tungsten has been mined and used in 70s-80s and again by Mits with the tailings). Not sure TGN has mined any for commercial production.
- Carbine has basic infrastructure in place (roads, power, footing and a tailings plant (needs upgrading). Therefore likely to have a lower cost base than TGN given it's more remote (transport) and multiple deposits (needs 3 mines not one).
- Carbine has a low grade stock pile that can be sorted for 5 years at low cost. This coupled with quarry means don't have to build complete project in one go.
- Other deposits (Iron Duke) Andy White believes many years of production, just needs to be drilled.

Probably more but there is value in it.