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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (52759)	5/24/2006 5:08:49 PM
From: jennifersilversun	Read Replies (1) \| Respond to of 312695

This worries me, also. PMI share price is dropping on relatively high volume--over 70k today. jss

To: LoneClone who wrote (52759)	5/24/2006 5:20:33 PM
From: Rollocaster	Respond to of 312695

Tungsten price forecast? Global recession ahead? Corrective phase after a most flamboyant 12 months and 1400% advance???

To: LoneClone who wrote (52759)	5/24/2006 5:57:14 PM
From: Amark$p	Read Replies (2) \| Respond to of 312695

APT Tungsten price has declined to $245 bid $255 ask. FWIW, 1Q07 ending 6/30/06 should be even better than my current quarter estimate of Euro .11 ending 3/31/06 if grade improves to .22 and recovery improves to .82 as seems likely. Tungsten price decline more than offset by increase in grade from .22 from .21. I forecast 6/30/06 earnings at over Euro .12 FWIW even more, the real improvement to EPS comes if and when PMI can prove up the recovery from prior year tailings. Prior year tailings total 500,000 MTU. If PMI can recover 30% using their Knelson concentrator, that equals 150,000 MTU at very marginal cash cost. I have additional 12,500 MTU ton per quarter production included in my model beginning 3Q ending 12/31 (production would last 3 years 150K/12.5K per qtr). Note, PMI has not proved up this possible Knelson concentrator tailings production yet, yet to be proven as economically viable.