RE:RE:RE:RE:the buying has started
Been watching this stock since it was Woulf - in and out a few times. This story is now about Sandong . One always wonders with a Junior if the asset has been vetted properly. In this case it is hard to find an asset that has been more vetted. - and the folks running the show are balls deep owning the majority of the shares.
So I think the asset is good - and they will be able to mine tungsten on the cheap relative to other comnpanies.
The next question is the price of tungsten - today it looks good APT - 267 - a Price at which the China producers are just barely breaking even .. and it seems that they do not want prices lower and are controlling output - of which they are 85% of world supply.
Using 300,000 tons per year - at roughly $60 per ton profit - using this price .. this is 18 million/year. giveing us a P/E of roughly 10 - very reasonable.
If Tungsten moves to 300 .. this would be $/100/ton roughy 30 million per year - which should sustain a share price of 2-2.5 without much trouble.