North American Tungsten Message Board

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Gold/Mining/Energy : North American Tungsten

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To: Scripts who wrote (116)	11/3/1999 11:29:00 AM
From: Ron Shenton	Read Replies (1) of 133

You are right about the company in that startup is around the $60 per stu level. This is about where the price is now. The recent rationalization of the mining industry in China is pushing up the price and should continue to do so. The leverage is wild!!! If you consider the amount of time that tungsten has been out of favor, that the Chinese have high graded and put most of the mines in the world out of business you can see the potential as NTC is the only place to go for tungsten or a play on tungsten. As the supply dwindles and gets pricey, useres of tungsten have to strat to worry about supply as there has been little if any exploration. If you use tungsten you can not replace it with anything else. The price of tungsten moving up is causing the mgmt to be proactive in that they can consider deals that a low stock price and a limited amount of monay make difficult. All indications are for tungsten to move higher making NTC's stock more valuable. Consider this to be like a call on the price of tungsten with no expiry date.

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