RE:Ground breakingmy understanding is that the original 2013 fesability study envisaged costs of $153.3/mtu APT and average selling price of $350mtu. However, the price of APT was recently quoted at $ 238.5/mtu.
Sisson partnership needs hundreds of millions to build the mine and they have to convince bankers that it has huge projected profit margins so the loan is safe. They have not announced that they have secured financing.
This disconnect between projected and actual APT price probably explains why we are stalled at 0.05 SP.
I would be delighted if someone could provide some hard facts and figures that agrue otherwise.
It is true that they have made lots of progress, that Todd is interested, that Tungsten is a strategic metal, that China controls production and world supply etc. However, consider the possibility that the project has moderatley attractive economics at current commodity prices.