GREY:WFEMF - Post by User
Post by
74volframon Jun 11, 2015 9:01pm
310 Views
Post# 23822621
Price of Tungsten
Price of TungstenNow that competent technical management is on board and a financing/off-take deal seems possible, the price of tungsten remains the single most important variable to determine the profitability and future value of the Woulfe company.
Tungsten (APT) prices have dropped 25% last year on top of a previous drop of 25% the year before. This may seem the worst time to venture in the tungsten business, or the best depending on one's outlook on tungsten price. The charts for all tungsten varieties look quite ugly, but for the first time in months there seem to be signs of bottoming, like recent reports of more deals in the China export market. Mr. Black is betting heavily on a tungsten rebound starting to happen within the year. So is Mr. Clark from Wolf Minerals (UK mine). These are both professional miners (not financial types) looking to complete large projects within the next 2 years.
If interested, I have made available a chart of APT FOB China prices (USD) at
https://plot.ly/~74v/13
which I update periodically. Let me know if the chart can be viewed properly.