There are no Tungsten mines current operating at those grades. There never was and there never be. Tungsten occurs in those grades in very small resources, like chicken feed size. Feel free to look at all that is out there.
China has all the resources,like 60% of the world's know resources. And they are all depleted and becoming uneconomical. This new price rise is supported with a government super keen to clean the environment and consolidate their companies to be competitive with the new world.
This will be a more sustained rise. And the only know deposit that is mining ready that has a reasonable caped is Watershed.
All tungsten deposits are low grades and large resource. And that Watershed has....
Imagine that in the whole world, only your company has those specifications... give it time, I can guarantee you that VML will be a lot higher than 1c....
There are no Tungsten mines current operating at those grades....
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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| Last updated 15.59pm 26/04/2024 ? | |||||
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