Tungsten AssetsIn addition to the Seal Lake copper-silver exploration opportunity, Playfair has four properties with substantial high-grade tungsten deposits. Playfair's four tungsten deposits have all had significant work completed on them. Two of the deposits (Risby and Grey River) have NI 43-101 compliant resource estimates while the other two deposits (Lened and Clea) have historical noncompliant NI43-101 resource calculations. Playfair continues to believe that there is a strong case for an impending global Tungsten shortage, as is evidenced by the continued strong rebound in the price of Tungsten.
Tungsten has recently traded to an all-time high of $365 per Metric Ton Unit (or $16.56 per pound), an increase of 50% over recent lows. Please see our website for an internet link for the spot Tungsten price.
Sunny