worth a little research, page-13

Firstly, this run today to 31c is only the beggining, but what a good start. I can see this opening at 30c on Monday and closing in the 32-35c range.

Speves, in reply to your post what I had in mind when I said the Chinese would be targeting the Tungsten. As you are probably aware Tungsten is part of the rare earth metals family. The best comparison was probably China's drive to control the world rare earth market and specifically Lynas Corp (LYC) which has seen a rise its rise from 13c to a peak of 90c. Tungsten is not as tightly controlled but I understand that China has 75% of the market. This high quality resource has to be a target, especially with an EV of about $28M for the lot.

and by the way, LYC's market cap is now $643M based on a share price of 57c. Gives you an idea of whats possible.