North American Tungsten Message Board

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Gold/Mining/Energy : North American Tungsten

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To: Chuck Rubin who wrote (82)	9/11/1999 9:18:00 AM
From: Dan P	Read Replies (1) of 133

Chuck: I am not surprised by the sharp pullback after the rapid runup. I understand that it would take a little less than 1 year to get the mine going again. Once tungsten prices get to a certain level ($55/stu was mentioned) the commitment would be made to start production. A "stu" is 20 lbs, I believe. If all of this comes to pass, I would expect to see this stock at $1.00, and then higher as it approaches the production stage. We are seeing this in other commodities, and I have a serious bet on Uranium as well. Same story. Waiting for the favorable supply/demand situation to be reflected in the metals prices. By the way, these are the markets that really separate the men from the boys as far as management goes. Too many companies simply fold in hard times, while waiting for the opportunities to come along. I am impressed that this one has survived thus far. I have a few that have simply become shells, and of course, destroyed my holdings as a shareholder. Regards Dan

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