Endomines: Widespread but low-grade results from tungsten and molybdenum drillings - SEB
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Endomines: Widespread but low-grade results from tungsten and molybdenum drillings - SEB

Endomines published its first tungsten and molybdenum drilling results from 2023-2026. In our view, the deposits are extensive but with fairly low grades. The preliminary grades published now are, in our understanding, not yet sufficient to justify significant investments, although we emphasize that these are only the first drilling results and that the company will continue its exploration work. We have not included tungsten or molybdenum in our forecasts.

Endomines published its first tungsten and molybdenum drilling results from 2023-2026. In our view, the deposits are extensive but with fairly low grades. The preliminary grades published now are, in our understanding, not yet sufficient to justify significant investments, although we emphasize that these are only the first drilling results and that the company will continue its exploration work. We have not included tungsten or molybdenum in our forecasts.
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