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clock Created with Sketch. 11/05/17
11:55
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Originally posted by vcr999
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Hi JamesExpat2 With a rising Tungsten price the $15,000,000 US loan from Mitsubishi to start our tailings program which is worth more now with the drop in the AUS dollar. The Tungsten price does not need to be as high.The hard rock project will need a higher price and with all the USA military spending under Trump.The U.S.A will be looking around the world outside of China for a direct investment with a Tungsten producer.To be a successful Tungsten producer you must have a buyer outside of China to take your product and a great contract signed,like our lease agreement. WLF locked in such a terrible long term deal they were getting less than the scrap price at one time.I would say once the Tungsten price edges over 250 all Tungsten producers will be getting excited and the share price will get a good kick along as investors jump back into Tungsten.With any good investment timing and picking undervalued stocks at the bottom of the market is what all investors look for.You got in at the perfect time sometimes luck plays a big part too. CHEERS
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Thanks vcr999 for this explanation.
