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Positive cash flow in two years’ time and then dividend payments to investors are now on the agenda at Wolf Minerals (WLFE), the Western Australia-based company hoping to produce 3,500 tonnes of tungsten and 500 tonnes of tin a year for at least a decade, at the reopened Hemerdon open pit mine in Devon. This is the message from managing director Russell Clark, following AIM and Down Under-listed Wolf’s £99.2 million fund raising at 16.3p or 30 Australian cents, below the current price of 19.88p and a year’s high of 26.75p.
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