GREY:NATUF - Post by User
Post by
cassandra2000on Jun 02, 2004 11:33am
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Post# 7561444
Current Tungsten Value....
Current Tungsten Value....NR....data from another Tungsten company....However, bodes well and demonstrates 'tight' market supplies and profitability for North American....
The average quotation for ammonium paratungstate, which is used as a basis to derive concentrate prices, has significantly increased by more than 35% over the past four months (the range is now US$88 to US$91 per metric tonne unit) and prices of other tungsten products are also increasing.
The mine also expects to increase efficiency with the arrival of new underground mining equipment later this year. Panasqueira's new management team is energetically addressing improvements in the mine operations that are expected to result in increased production and reduced operating costs.
The Company also announces the appointment of Jonathan Carter as President.
This future looks good.
Cassy