Golden Metal Re Share Price (GMET)

Interesting article here on Tungsten market and trends that are pushing prices higher:

https://www.fastmarkets.com/insights/four-reasons-behind-the-ten-year-high-of-chinese-tungsten-prices/

Indeed he has.

What I absolutely love about GMET is that OF has the same attitude towards salaries for the bod as PJ had at POW - keep them well below six figures and put the money into the ground, and get their rewards from options when a massive discovery or two sends the share price into orbit. Nothing like having management fully aligned with the shareholders, rather than some of the worst boards in the AiM junior mining space where they place at multiyear lows to make sure they pay themselves about a million a year (I kid you not!)

On todays Sunday Roast they mentioned in passing the issue of the drilling permits and the expected commencement of drilling on 11thMay which coincides with the anniversary of GMET’s listing. One of them mentioned he had spoken to OF during the week and that the list of meetings he had was very impressive. He didn’t list them but did say there were meetings with some of the very big players. One would imagine the grant or grants that have been applied for are dealt with in Washington. It would be a perfect storm if the grant were to coincide with the commencement of drilling but so long as it comes everything is looking very positive.OF has achieved a lot in the 12 months from its listing and deserves to be highly commended for his work ethic and his achievements.

So the Independent article above mentions a Tokamak reactor, I thought it might be interesting to see if they use Tungsten and any more info, found this article: https://www.iter.org/newsline/-/3951#:~:text=In%20its%202016%20baseline%20configuration,and%20particle%20exhaust%20will%20be

In which they say: "...tungsten is a remarkable material in terms of robustness and has the highest melting point (3422 °C) of all known elements, an elevated energy threshold for sputtering, and negligible fuel retention issues in comparison with beryllium. These are the principal reasons for deploying it in the divertor region, where steady heat and particle fluxes are extremely high. It does, though, have one serious drawback: as a very high atomic number material, only very small concentrations will be tolerable in ITER's fusion plasmas before the burn is compromised. Nevertheless, tungsten is the most widely favoured candidate in most magnetic confinement fusion reactor designs, and the long-term objective of ITER has always been to operate eventually with tungsten as sole plasma-facing material after starting first nuclear operations with beryllium main wall armour to ease the pathway to burning plasmas. In view of technical issues which have arisen during machine construction, this long-term plan is now being brought forward in a new proposal currently under development at the ITER Organization to go "full-tungsten" from the very beginning of operations. A review of this proposal was the sole objective of last month's STAC meeting (ITER Council Science and Technology Advisory Committee) held at ITER Headquarters."

The article, backing up everything OF has been saying, is quite bullish for the future use of Tungsten.

Another headline on Nuclear Fusion : https://www.independent.co.uk/tech/nuclear-fusion-plasma-clean-energy-b2534500.html