Have listened to Mr Black’s bullish predictions about Sangdong startup for 2 years now. I understand that banks move slowly but this delay means their capex of $75m will probably not get them to the finishing line given the incredible cost pressures in mining and inflation in general. In reality their capex is going to be $100-150 million. That is my 2 cents worth and I could be wrong.
all very bullish for tungsten price if Sangdong doesn’t start until 2024/5 at this rate.
my two tungsten plays are Group 6 Metals in Tasmania and Pilar Gold in Brazil.
Goodluck Almonty shareholders! Least you have a very hot tungsten price to bail you out from your production in Portugal.
AII Price at posting:
$1.05 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)