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Gold/Mining/Energy : North American Tungsten -- Ignore unavailable to you. Want to Upgrade?

To: Scripts who wrote (100)	10/21/1999 8:09:00 AM
From: Dan P	Respond to of 133

Ed: It is the same story as with other metals that have been trashed in the last few years. 85 % of supply is from China, and demand continues to exceed supply, because prices have been too low to encourage anyone to produce it. Rising prices have now changed the situation. Take a look at the last few NTC releases, and by all means call Ron Shinton, IR for the company. Cheers Dan

To: Scripts who wrote (100)	10/21/1999 2:42:00 PM
From: D. Bryan	Read Replies (1) \| Respond to of 133

The largest thing that has happened to tungsten over the last number of months is that the Chinese government (the world's largest supply of cheap tungsten) has announced policy changes regarding tungsten sales. The government has decided to cut back on the sale of raw tungsten, to initiate secondary production of goods using tungsten. This announcement has caused the price of tungsten to climb, to a level today that would make North American Tungsten's Mac Tung property a profitable venture once again. In conjunction with that, if the technology that NTC purchased from the US Military sometime ago proves itself to be capable of working on a large scale basis, they could dramatically drop their cost of tungsten production. This would allow them much greater profitability in the short term, and if the technology works on other raw materials the technology could be sold on a much larger basis. Talk to Ron Shenton at NTC(IR)he can give you a lot more info.

To: Scripts who wrote (100)	10/22/1999 7:12:00 PM
From: D. Bryan	Respond to of 133

Tungsten is replacing lead in military munitions in the US, but it is also a large concern for the environment. The US Military routinely closes shooting ranges because the lead concentrations in the range is above recommenced safe exposure. Lead is considered to be major concern for lead poisoning of water fowl, and secondary for creatures who eat these water fowl, like eagles, and humans. I've read Canadian studies showing the health risks involved in consuming water fowl that has been killed using lead shot. The US is now starting to make tungsten shot for shot gun shells. I witnessed tests in which tungsten shot has penetrated sheet metal, which could only be dented by lead shot. The tungsten is extremely superior to lead in a number of areas. I can predict that the Canadian Government and Military will soon follow the US in banning lead shot to go to tungsten, and I'd say that it will probably be in the next year. If the US and Canada are having these problems, won't Europe and other countries be in the same situation. I think tungsten will be a very exciting commodity in the next few years.