Member Info for Real_Adam-Smith

Investor communications always help, especially when they explain clearly the potential opportunity and key Geopolitical drivers clearly and concisely.

Weak hands are falling away and the more serious investors are now beginning to understand the opportunity here and climb aboard, I think we move to double digits soon and folks will wish that they backed up the truck when this was single digit pennies per share. I’m certainly glad that I did! Patience now and don’t get shaken out by possible extreme volatility as big players will try to move this around to create a nice entry point for themselves. HODL as the saying goes.

Great to see a nice presentation and summary - Anyone know what this statement means exactly? “Timeline can be shortened by using Fastrak initiative”? Are they using this, does the project qualify? Who decides and when?

https://www.tungstenwest.com/_files/ugd/3e92e8_457d42597de9435f9114db3a4d77f14c.pdf

Did anyone attend this and speak to them?

Also, is there an upcoming shareholder meeting ?

I’m new here but things seem to happen slowly not much change on the their website despite lots of news out there that should be supportive of their share price?

Digging into the most recent dialogue between the US and China which took place in London, it seems very clear that it is the Chinese who have all the cards. The cards that they played to get the US to back down on post Geneva agreement involving Tariff’s was around US access to rare earth magnets needed for electric vehicle manufacture by US car makers. As investors here know Tungsten and China are why we are where we are. Tungsten does not appear to have been part of this negociation, it seems that China is keeping this card firmly in their hand. Good luck to all longs - Also, War breaking out over Iran will create an even stronger need to secure domestic sources for Tungsten and make it even less likely that China will relax their export ban on Tungsten.

Yes, Fusion is making progress on two fronts - First in China where they recently managed to sustain fusion reaction for a world record of 1066 seconds. https://english.news.cn/20250120/1d4e392ccaef48f29e8e9cdd0f9360c5/c.html#:~:text=20%2C%202025.-,The%20Experimental%20Advanced%20Superconducting%20Tokamak%20(EAST)%2C%20dubbed%20China's%20%22,quest%20for%20fusion%20power%20generation.

Second, Google’s Deepmind Alphafold AI is being applied to solving the fusion challenge.

Watch both of these spaces for progress in the lifetime of this investment.

Full article

https://www.bssnews.net/business/281626

Zimbabwe sets lithium export ban

BSS

11 Jun 2025, 17:19

Whatever the result of the US - China Dialogue over trade - I doubt very much that China (or other countries ) are going back to a world where the currency hegemony can print fiat $ and purchase essential defence and energy critical commodities freely. At the very least the US will look to stockpile. Also, Zimbabwe sets lithium export ban

BSS

11 Jun 2025, 17:19

Expect other countries to join in with this “My country first” new world order.

Totally illogical move given the momentum - Only logical explanation that I can think of is that if he knew that this action would tank the stock, then might it have been done in order to give someone else an opportunity to jump onboard at a lower price before the train really leaves the station?

I’m fairly new but i think you may be missing two things, i could be wrong of course.

1) The world has clearly changed - this Trump v China thing is not going alway. Makes Tungsten critical and raises its price (happening now in real time).

2) Recovery of the Tungsten is difficult at this mine due to the geology (hard granite, simplistically). Technical improvements to the crushers coupled with some new fancy X-Ray technology and I assume sorting automation makes economic yield now possible (Hence new feasibility study).

3) EU/UK Recognition that the economics are not the only issue here - National security is the bigger picture even if subsidy is required.

Quite different companies in several respects

1) TUN has its reserves based in the UK/Europe while Almonty’s are in South Korea. TUN much more strategic for UK/EU Military and Energy.

2) TUN has much larger reserves of WO3. TUN 237K Tonnes, Almonty 48K Tonnes (According to my quick DeepSeek stare and compare).

3) On the negative side - Ore grade is higher with Almonty 0.47% vs TUN 0.19% and Almonty is nearer to production than TUN but strategic importance of TUN to EU/UK should narrow this gap as TUN project will in all probability now be accelerated, per EU news yesterday.

Thanks for the insight.

BOOM - https://www.reuters.com/sustainability/climate-energy/eu-picks-13-new-critical-material-projects-including-greenland-2025-06-04/

Well that’s the funding risk variable off the table!

And for Tungsten West - Hope this EU funding support is similar non dilutive funding to US EXIM Bank for Perpetua PPTA. Anyone have any experience on this topic and able to comment on this aspect?

On actions of Trump, China stoped exports of various scarce commodities including Tungsten and Antimony both of which have no substitute in defence applications. In the USA Perpetua Resources Corp PPTA (Antimony) shares are now going through the roof on various rumours of non-dilutitive funding via EXIM bank, take out rumours and politically motivated acceleration of various permits. I own PPTA and am hoping that the same momentum builds over here with TUN, lets see.

As mentioned, this is a combination of China and money moving into scarce commodities due to loss of trust in the fiat system which mark my words will be defaulted on despite what Bessent says. The currency is going to be debauced due to the quasi fiscal deficit and rising interest rates. paradoxically Gold and Silver go up during quasi fiscal deficit along with interest rates - not what people are used to at all. Unlike Gold and Silver there is not the same price manipulation being done in the futures market for Tungsten and so I expect that Tungsten prices will rocket, maybe Tungsten West went a bit early with only $400 per MTU in the business case - Anyway rising Tungsten prices will come and they ought to drive TUN share price up as well as helping the investment case which I misstated as being £100M in fact it is $93M FIAT DOLLARS.

Defence review announces £1.5bn in funding to build six new factories to make munitions.

Plus 12 new nuclear submarines with US and Australian.

And £15bn for UK’s nuclear warhead program.

Spending will be used to drive local industrial production here in the UK as part of Labour growth strategy.

We are definitely going to need to secure a domestic supply of Tungsten to feed all these factories. £100m to fund Hemerdon now looks like absolute peanuts. Bargain for someone to take out double quick or for UK Gov to facilitate funding.

UK 30 year treasuries sell off yields rising. Sterling strengthens 0.5% against sick $, Gold up 2%, Copper up 4% TUN up 11.1%

The other angle on the defence review that is perhaps less obvious is this. When governments go to war they always spend money that they don’t have, you will see a sell off in government debt markets as well as increased interest in owning commodities like Gold and yes Tungsten. Why, because your $ and £ are going to be debased by excessive money creation. See “Bessent says US will never default on its debt” debasement of the currency is default. Also, when govt spend too much on stupid wars, the gov says Gold holders are bad people, they prefer patriots to own war bonds. During the French Revolution a gold holder in Normandy was even executed! This is also why US Gov is pumping crypto to divert liquidity away from commodities and especially Gold. I realise this might be off topic but there are multiple angles for owning TUN.

The spread is obscene. Hopefully it attracts more market makers because someone is making far too much money making a market in this stock right now.

Starmer says “UK cannot ignore” threat that Russia poses. UK military moving to “war fighting readiness”. Political pressure building to increase defence spending and home shoring of manufacturing and Rachel is sequestering pension assets to invest in “growth” - Growth of our defence industry one assumes, since it is a core competency and less economically price sensitive manufacturing. Net net - TUN are saying that production could start 12 months from securing funding, my guess is that funding comes sooner rather than later due to both domestic and global geopolitical drivers and political pressure. Just need Kemi Badenoch to chime in and boom funding will happen in a heartbeat.

Valuation-it-is

Some interesting points that I was unaware of.

I suppose you could be right - Only the UK Government could fail to understand the importance of the UK securing access to our own domestic supply of Tungsten for the defence. One would hope that someone in the MoD with their head screwed on might have a word in the defence ministers ear. It would not be very funny if Russia attacked while the UK Gov is doing its due diligence for the sake of $100M. Lithium is not a critical mineral as far as UK PLC is concerned, as a nation we have zero chance of ever producing Lithium batteries or vehicles economically - ever due our high cost of labour. The nice thing about Tungsten is that there is no substitute and it could be needed in a big hurry - Someone needs to get their finger out and realise its importance. Probably our most critical mineral resource, it needs securing fast. Amercan’s could surprise us, they usually don’t muck about on things that affect their national security.