RFR – Rafaella Resources has a market cap of only $11.76 Mil but have production and first sales forecast by the end of 2021.
RFR’s 100% owned Santa Comba mine is near production ready with existing approvals and significant infrastructure in place. The brown field site has a 5.1Mt surface inferred resource at 0.203% WO3. Further drilling is currently underway. Major share holders include Transamine Holdings (4% holding) which the worlds oldest privately held commodities trading company. RFR have also received an offer from HC Starck for the off take of tungsten concentrate.
Tungsten mining peers TGN and KIS have made significant moves recently with the Western World looking to shore up tungsten resources from countries other than China.
TGN – Tungsten Mining. Market Cap $188.73 Mil
KIS - King Island Scheelite. Market Cap $76.29 Mil
Trade active as of Friday 5th February
First target 0.150
Second target 0.205
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade or investment.
RFR’s 100% owned Santa Comba mine is near production ready with existing approvals and significant infrastructure in place. The brown field site has a 5.1Mt surface inferred resource at 0.203% WO3. Further drilling is currently underway. Major share holders include Transamine Holdings (4% holding) which the worlds oldest privately held commodities trading company. RFR have also received an offer from HC Starck for the off take of tungsten concentrate.
Tungsten mining peers TGN and KIS have made significant moves recently with the Western World looking to shore up tungsten resources from countries other than China.
TGN – Tungsten Mining. Market Cap $188.73 Mil
KIS - King Island Scheelite. Market Cap $76.29 Mil
Trade active as of Friday 5th February
First target 0.150
Second target 0.205
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade or investment.