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There is a lot of funding available for tungsten projects now both in Australia and internationally. Check out all the other ASX tungsten players. Once this market settles and gets up to speed with a commodities super cycle THR will rocket.

Gold is in a bear market so this is when Craig Moulton should be promoting some of the other commodity potential in the Gawler Craton. Its fine to have a resource but one thing to have a JORC resource and another to have a mineable resource. Two completely different things - I note noone here does their homework -AGS adjacent is establishing a small processing plant but they have higher grades -I see synergies between AGS and COBR down the track. Craig needs to get on the front foot -months with no conversations to stimulate shareholder interest is a recipe for a stagnant share price. Come on Craig old chap - there is a lot more potential than just gold in the Wudinna -Wilcherry -Paris neck of the woods.

https://twitter.com/FarmerZoz66/status/1374647739242278914

https://twitter.com/ken_kfwatson/status/1374657433302278144

I was an early investor in $KIS (5c) which has now run to 30c and $104m market cap while yet to secure the remaining funding, although imminent.

While King Island is the highest grade Tungsten mine in the world, the Moly Hill grade is nothing to scoff at, especially when the Molybednum credits are factored in.

The project already has major project status by the NT government. With the new $1.3bn critical minerals fund (where KIS is expected to get 15-20m grant), I see no reason why the same cannot be obtained for Moly Hill. The fund was designed to develop critical minerals projects (of which Tungsten is considered one) in regional/remote areas. Moly Hill will be an excellent job provider for the Alice Springs region.

The Moly Hill Project advanced with DFS completed in 2018 and is low capex (US $43m) with a 12 month development period. Tungsten price is showing incredibly strength at US $460/mtu. The Opex for Moly Hill is US $90/mtu. The DFS project economics from 2018 will have vastly improved at current Tungsten prices.

Pay close attention to the commentary in the half-year accounts and the quarterly. Tungsten has always been Mick Billing's first love and now is the optimal time to see Moly Hill progressed into development and Pilot Mountain funded, which is the largest US Tungsten resource (there are currently no Tungsten mines in the United States).

Tungsten is critical in the manufacturing of protective armour for tanks and combat vehicles in addition to armour-piercing munitions. The United States military cannot depend on China for Tungsten supply nor can NATO affiliated countries.

KIS recently attracted investment from elite European bankers, Swiss/Liechtenstein loyalty, the same can occur for Thor.

Tungsten projects are starting to attract strong interest in Australia. KIS - $10 million Govt loan -$5.6 mill. cap raise. TGN at Mt Mulgine- market cap $120 million. VMC - $10 million standby facility - $69 million market cap. EQ Resources $6.5 million cap raise Mt Carbine. Thor only $21 million market cap on ASX. Must be Thor's time in the sun to develop Moly Hill :-)
I expect Thor to re- rate just on tungsten alone.

Helpful Tshipi was in the works for some time but irrespective I have never claimed credit for Tshipi. I have at every juncture said it was a world class asset. See my posts on Hot Copper. Too tired to repeat but in a nutshell notwithstanding Tshipi has been a great success and paid out generous dividends both JMS and RRR failed to grasp the nettle and position in iron ore. If they had -given the institutional support Pallinghurst had at its disposal like Investec -and Posco - JMS and to some extent if RRR had remained the stalking horse it too - could have generated huge wealth for their shareholders like FMG and MIN. Significant capital appreciation as well as dividends. There is no comparison between wealth generation in iron ore and a commodity like manganese.
It's still not too late for RRR if it wanted to become an iron ore player . All I get is 'iron ore is for the big boys' which demonstrates a complete lack of understanding in the UK of an industry that is minting more billionaires in Western Australia than all the other commodities combined.

I am the individual who instigated the successful takeover of JMS by RRR with the assistance of Brian Gilbertson and Pallinghurst -against all odds - and vehement Chinese opposition. All so long ago --- The Tshipi manganese asset was a very good acquisition and has paid off handsomely.
Having said that Priyank Thapyilal and the board failed to carry on with iron ore and position the company as a multi billion dollar enterprise like FMG when they had that opportunity. I put countless iron ore projects on Thapyilal's desk over the years which he ignored. If they had listened to me JMS would not be sitting on a small hematite resource but a very large resource with iron ore going ballistic - boasting a market capitalisation fifty times it 's present market cap. They had and still do have the firepower if they had aggressive management who understood iron ore and positioned -like MIN for instance. RRR also had the opportunity to continue to leverage iron ore -to have used my/our expertise on a continuing basis.
RRR would now be sitting pretty if in the past few years they had also listened to me when through intermediaries I offered iron ore projects that would have RRR with a vastly increased market cap with exposure to the best commodity on the planet. ( I have a new IPO --Peregrine Gold listing next couple of weeks on ASX for which I assembled all the acreage and just completed deals with THR and TKM -including iron ore.) I have lots more iron ore .. When will the board of JMS grasp the nettle and use their firepower !! I know of a sizable iron ore resource 60% + Fe right now that would put JMS into the big league . And I have smaller iron ore prospects that would light a fire under RRR too.
Did it all before -still doing it -iron ore potentially heading for USD $ 200 tonne ! As for the pension fund - interesting indeed.

Forget Bitcoin -and for now gold. Gold will bounce back but right now it's new tech metals and Cobra has a real chance to get aboard the demand for these commodities. In Taiwan they are running big adverts -need another 9,000 people for Taiwan Semiconductor plants. Huge multi billion dollar investments in new semi conductor plants in the USA. And what holds all these devices together TIN. And where are most of the current tin mines - in countries with high sovereign risk -deep underground high cost mines or in places like Indonesia low grade alluvials. The Gawler Craton is an emerging tin province which with luck can deliver new discoveries of high grade open pittable tin and COBR has the right geology to be a part of this new age opportunity. So far noone listening -you will - its a compelling immediate opportunity for Cobra - the best of both worlds -gold and tin.

Time to start thinking outside the square -gold is fantastic -still hugely profitable and there is no greater gold bull than I -have Peregrine Gold of which I/we are the vendors listing in March - but gold right now is as dead as a dead dingo's donga . We have an extraordinary commodities boom unfolding - LME tin stocks are exhausted -tin juniors like SRZ on the move with huge turnovers and rapidly increasing share price. Craig is probably wondering what I have started but I tell you the Gawler Craton is going to be a tin HOTSPOT which cannot and will not be ignored. There are hundreds of gold explorers out there but tin explorers are as scarce as hens teeth and Cobra is right in the thick of it all in Hiltaba Granites only a stones throw from Willcherry Hill an emerging tin province. . And copper - that recent intersection is tantalising.

Tin is what will most likely put Cobra into orbit. No guarantee any tin within the Cobra tenements but with gold being smashed on ASX and tin going ballistic the potential for tin within the extensive Hiltaba Suite similar to the Zealous discovery of AGS near Wilcherry Hill is compelling.
Tin is the most critical of all commodities and its in such short supply any hint of a high grade tin province at Wudinna - Weednanna and both stocks will go ballistic.
Just wait until the penny drops - it hasn't yet but it will .

Now start focusing on Cobra's tin potential ! Tin up US $ 5,000 at one stage last night in one session. As I predicted tin is going ballistic.
Cobra have extensive Hiltaba Suite intrusives the host rock to the emerging tin province in the Gawler Craton. This is huge news in addition to Cobra's gold potential.

Don't underestimate the potential of the Gawler Craton for tin . Gold is having a breather but tin on a tear.
https://twitter.com/ken_kfwatson/status/1360113716025413635/photo/1

Study the AGS data - http://www.allianceresources.com.au/site/projects/wilcherry-project-south-australia-alliance-51
AGS will be running on tin -very high grade -- a potential new tin province . Then go study what is happening with tin - its HOT.
Then compare the Cobra geology with Weednana - granites -granodiorites -basically the same geological settings as AGS.

Don't worry about the response by AGS to the speeding ticket. Study AGS - Ian Gandel and how much stock he owns in AGS. He loves the Weednana area - the high grades. Go figure -think about potential corporate activity -COBR's market cap is a steal for a raider !

Alliance Resources at Weednana a stones throw from Cobra up 50% today. A market cap $ 49 million (GBP 27 million) compared to our market cap of GBP 9 million. Go figure -get set boys !

And I am 83 and founded Cobra at 81 lol ! Give it heaps boys -

We are all acutely aware of the trials and tribulations of a junior explorer - its hard work and a lot of luck. I should know -I have been at it for nigh on 66 years ! But there is no substitute for perserverance. I genuinely believe the new ground I have just sold to Thor has significant potential for gold in granites -a look alike to the exciting granite hosted gold discovery by De Grey now a multi billion dollar company. And I have just sold my ground at Tambourah to Trek Metals listed on ASX -stay tuned -we have not got warm in the Pilbara yet :-)

Hey Sprinter I am still here mate in my 80's - Callum Baxter was our geologist when we listed RGM . I took Callum to London and we both presented when we listed RRR in 2005 . Young Baxter did not do much for many -many years with GGP -but along came Paul Johnson -brought Heddle on board -brilliant move. I still didn't like their projects but Havieron was acquired -they took a punt - a lucky drill hole and the rest is history. You bet I wish I had ridden the GGP bull all the way to where it is now- probably one of the best discoveries ever in Australia but I was not Robinson Crusoe in not being on board GGP. I was the founder of Cobra Resources plc listed on LSE - and we are going to need some luck there - but I think Wudinna will bring home the bacon. I pegged Ragged Range and we sold the company I formed Pilbara Goldfields to Thor. You know the story with Ragged Range -now a key project for Thor. And I just sold Thor all the adjacent ground called Split Rock that is not only prospective for gold in granites -but also copper. I believe the East Pilbara granite domains could be similar to Hemi - same dog same leg action as the another billion dollar company De Grey Mining - which like GGP got lucky !
A year or so ago I pegged large areas at Prairie Downs next to Capricorn Metals -a company that will be producing gold early '21. That has all been sold into a new IPO - Peregrine Gold out of the Apollo Group stable -wish us luck -because that is what exploration is all about -determination and luck.
And on the Ragged Range tenement the ex shareholders of Pilbara Goldfields -including Timeless - retain the iron ore rights to an iron ore outcrop that has an average grade of 60% + Fe. Have you seen what is happening with iron ore - its going ballistic. But I tell you what mate just a few weeks ago noone was listening. Hopefully they are now -
And just for good measure signed another deal today -stay tuned !

This company now needs a new project -and fast - and that should be iron ore. Technical expertise yes - entrepreneurial skills seriously lacking.