Aug. 22 at 1:49 PM
$TUNGF IMA still hasn’t finalized permits or finished defining the asset. Both of these milestones should achievable early next year. After that it’s a 12-18 month lead time for the modular mill. Add time to get it and mining operations running. Phase 2 is not likely until 2029. In the meantime they can toll milling tailings. I would guess the big moves happen in 2028/29. Has the potential to 10x if APT prices stay at
$3K. Most like they sell late 2028.
$ALM Dilon MT is only a couple hour drive away.