RE:Question to our miners...Wres resource versus SangdongOur recovery rate is 90% thanks to the technology of KIAM.
Almony paid $4.5 mil for it; that's lots of money for a junior mining company
Repost of my post on 11/27/2018 below
--------------------------------------------------------------------------
News on Korean Media on 10-23
Almont pays $4.5 mil USD for technology of 90% recovery.
Technology Transfer Agreement For Advanced Flotation & Processing of Scheelite
[News Works = Moon, Byung-Doo] Jeon, Ho-Seok The technology for transferring high-efficiency floating sorting and processing technology developed by the research team of Korea Resources Research Center, Mineral Resources Research Center, Korea Institute of Geoscience and Mineral Resources has been transferred to Sangdong mining.
The 'high efficiency floating sorting and processing technology' developed by Dr. Jeon Ho-Seok's team will increase the grade and recovery rate of tungsten trioxide (WO3) to 70% and 90%, respectively.
Sangdong Mining concluded the technology transfer agreement with KIGAM by considering the economical effect of the technology developed by KIGAM, and the transfer condition of the technology is 500 million won ($4.5 mil USD), securing the exclusive right to operate the technology.
Source: NewsWorks (https://www.newsworks.co.kr)
https://www.newsworks.co.kr/news/photo/201810/305030_204926_1224.jpg
Read more at https://stockhouse.com/companies/bullboard?symbol=t.aii&postid=29028183#hMTsz9wRFWUUCi8L.99