RE: Bohercom19 Jan 2026 19:27
About 10+ years ago richi,wolfe minerals borrowed over $100 million to build the drakelands mine and then ran out money, i think there was around a $50 mill shortfall from memory.
it went into production but after over 12 months,it couldnt get the mine to work.
it went insolvent
its now returned as tn and needs another $100 million,to re start and gl to them.the tungsten price is 300/400% up since 2013
wres and orm,they didnt make it either.
.
its all about timing,av struggled,but made it through last decades rough patch