I thing we should all remember that Mt Carbine is reopening an existing Mine.
Per the announcement dated 18 August. (Page 2)
Historically one of the worlds largest Tungsten mines Mt Carbine delivered 40Percent of Aust Tungsten
Produced App 17,000Tonnes of premium wolframite & scheelite
Low metal prices forced closure (China Flooding the Market)
Most of the required infrastructure to restart existing mine in place, granted mining lease, power, sealed roads, tailings storage, environmental approvals
Located 120Kn 1.5 Hours from Cairns Port.
Refining techniques have improved. (Hence reprocessing Tailings)
Producers will accept lower grades of slurry for processing.
THE KEY.
Production.
OFFTAKE AGREEMENTS. Due to Tungstens Supply Demand Curve Icon is negotiating with many off takers CLEARLY FOR THE BEST PRICE.
Please do your own research.
I thing we should all remember that Mt Carbine is reopening an...
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