North American Tungsten Message Board

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Gold/Mining/Energy : North American Tungsten

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To: Philip C Blumer who wrote (114)	10/29/1999 9:11:00 AM
From: Dan P	of 133

Philip: It is not that simple. The original mine closed down at prices of $60 / stu, which is about where we are at right now. Getting the new technology going requires a substantial capital investment by itself, so that the plan would be, in stages:a) restart the mine and generate cash flow (mine should last 4 years); b)make plans to ramp up the MacTung deposit to get it into production ( bi capital investment); and somewhere along the way c)implement the new technology. Keep in mind that restarting the mine would not be very costly, and NTC might be able to do this with some financing help. The rest of it will probably require a major's assistance. Probably, and this is my guess, NTC would be taken out by a big brother before we get to c). I too have been a shareholder for years, and am quite pleased that so far, I won't have to add this one to my wall-paper collection. A little more patience is in order. Wait until we see tungsten prices rise further. I wouldn't be surprised to get this stock north of .50 at least by the end of this year. Regards Dan

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