Over at WC, the folks have spotted another budget third party Windows 10 Mobile device, shipping soon from the Chinese manufacturer Coship. The W5's details are quoted below - absolutely nothing to get excited about though, and seems to rival the first party Lumia 650 if anything, with similar metal frame and sleek looks yet with low end internals.

From the WindowsCentral coverage:

A few weeks ago we did a quick review and hands-on with the Coship Moly X1 running Windows 10 Mobile. The $299 LTE-enabled Windows Phone brings an extremely thin and light profile to the open market and left us mildly impressed. Starting on April 13, there will be a new Moly in town, and it is labeled the Moly W5. The phone drops the X1's price from $299 to a more affordable $199 along with the expected reduction in specifications.

Category	(New) Moly W5	Moly X1
Display Size	5.0-inch LTPS Display	5.5-inch LTPS Display
Resolution	HD (1280 x 720 )	Full HD (1920 x 1080)
OS	Windows 10 Mobile	Windows 10 Mobile
CPU	1.1 GHz Snapdragon 210	1.2 GHz Snapdragon 410
RAM	1GB	2GB
Internal Storage	8GB	16GB
microSD expansion	Yes	Yes
Charging	micro-USB	micro-USB
Camera	8MP rear  2MP front	13MP rear 5MP front
Flash	Yes	Yes
Battery	2250 mAh	2600mAh
Bluetooth	4.0	4.0
Thickness	7.3mm	6.9mm

The supported LTE bands are given as (band no, frequency):

1. B2(1900)
2. B4(1700)
3. B5(850)
4. B17(700)

Which don't sound that helpful in much of the West, so you'll want to check the frequencies against your local networks, wherever you are in the world.

The W5 ships in the middle of next month, though given the specs (and limited network support) I doubt it'll be seen anytime soon near you. Why wouldn't a buyer simply grab a Lumia 650 for a similar price and specs and yet with much more mainstream support and distribution?