My two cents only.... Regarding the supposed largest mine in China:
However, shares in Xiamen Tungsten Co., which is reportedly one of the investors in the prospecting work for the large tungsten mine and now the world's biggest tungsten smelting company, suspended trading on Wednesday. The company said it has to clarify some media reports without elaboration. It had been reported that the company, as an investor for the prospection project, will have its resource self-sufficiency boosted with the mine's operation.
According to that above, they are in need of their own supply for which this deposit, if it exists, and will take a few years to develop... will be going towards. So, I kinda feel sorry for you Neil, not touching Woulfe, but leaves more for me to buy buy buy.
Regarding GTSO:
Woulfe has at their control $400,000,000 for approx. the first 11.5 years of the Sangdong Mine which from what everyone has mentioned in the past and what I've been able to locate myself, another 70 to 100 years beyond that.... It is completely ridiculous that Woulfe would sell to GTSO, or GTSO to try and 'grab' Sangdong from Woulfe. Sure, anything is possible in this world, but I believe that Wesson and his team are also NOT 'out to lunch' so to speak.... given the enormous advancements they've made since taking control of the past Oriental Minerals....
GTSO, if they are truly serious about being in South Korea to make things happen (and not be full of fluff) there are at least 13 past production mines showing tonnages produced, and another at least 16 past producers without tonnage figures. All of the mines in both categories have WO3 ranges from extreme lows of 0.03%WO3 to highs in the +3%WOF3 range.... lots to chew on according to the geological databases.... of course all of which is non-compliant and would have to proved up anyways...
The trend seems to be an industry, a company, a manufacturer, seeking their own source of raw material as a buffer to the global uncertainties, and of course global depletion of the top 10 hard to get at materials.
WAR:
Yes, war and civil strife are great for tungsten, mining, etc., etc., as long as it doesn't involve South Korea! That would be a total bummer.... glad to see you are still fighting in the trenches MajorMac.... here on the board!!!
Well, I know it's been a while since my last post, sorry for that, but been super busy. Will try to provide the board more info in the coming years... yes, years 'cause I plan to hold and build Woulfe for at least a few quarters worth of production from Sangdong... unless something nuts truly happens.
I haven't seen any posts from kyoung lately either. He typically has some good incite, would like to heard from you if you are out there.....
Cheers.