Nice summary WineC, thanks. I agree with your assessment on all except the Chinese takeover issue. If Tungsten becomes the main staple for VMS the attraction to China will be less given they produce much of it themselves. However, the control China has over the Tungsten market currently will certainly make this a very attractive target to others so takeover is on the cards. But the profit benefits to the Tassie government from mining this product will be to good and there will be a reluctance to allow this to go overseas IMO.
Apart from the obvious resource, the biggest asset for this company still is the proximity to infrastructure...there are simply no major hurdles to overcome here.
I too am loading up...good luck all.
Nice summary WineC, thanks. I agree with your assessment on all...
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Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
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