RE: re git21 Mar 2019 13:19
L200 and Pete
I can see that you are both glass half full people ! And that's fine, as long as you don't try to convince me to look at the downside all of the time.
Surely if you take all of what we know into account you must realise that the 50,000 ton figure is the annual figure, not just because of the article, but also because of the fact that we know that many of their mines have ceased production, and that as a result of the pollution the Chinese government has a team of inspectors who are and will be going round to mines this year and will be determining if production can resume or not.
Given the above facts lower production figures this year would in my opinion be inevitable wouldn't they ? Or do you think that it is possible to produce as much tungsten as in previous years with less mines ? Because I can't see it myself !
As for ORM and WRES soaring if the 50k tons is true, why would that happen right now before production at high levels has commenced and before the tungsten price has risen significantly ?
We have seen, albeit that most of us have been surprised to see it, that the prospect of seriously high levels of production, following the disaster of WLFE, means nothing at the moment, BUT, when we are producing things will change massively, and if the price of tungsten increases at a similar time then and only then will we see the SP of both companies rocket.
That's my logical and glass half full view