GREY:MPRXF - Post by User
Comment by
thehammer2on Feb 14, 2013 10:26am
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Post# 20987705
RE: Pershing buying more
RE: Pershing buying more Would appear others are following?
"The initial results have indicated tungsten values in excess of 2.01 per cent over one metre with a broad lower-grade halo. A grade of 2.01 per cent tungsten equates to 20.1 kilograms of tungsten per tonne. The current average January spot price of tungsten is $52.90 per kilogram. As a point of reference, current tungsten-only mines have resource grades between 0.09 per cent and 1.1 per cent tungsten, with the average being approximately 0.49 per cent tungsten."
Mps145 any comments? I have a contact that knows alittle about this ( he is not a geo.) however if the 2.01% is true, he hasn't heard of it being that high.
Got a e-mail into a geo. Hope I get some feed back from him.
TH