RE: RE: KachingYes NTC lost $11.7 Million in 2008 but developing Mactung was over half of that ($6 Mil) and another million for the plant in the states. Plus another $3 Mil put into the Cantung mine that will pay off going forward.
"The company invested $9.9-million in property plant and equipment, and mineral properties in 2008 (Cantung $2.9-million, United States plant $200,000, U.S. deferred development $800,000 and Mactung $5.9-million)."
Moving into profitability in the current climate is significant, and they should be able to expand on that going forward. They have had exceptional drill results on expanding their resource with some extremely high grade sections.
https://www.northamericantungsten.com/i/pdf/Presentation.pdf
See page 22 for their recent drill intercepts. 2.5 feet of 9%Wo3, 17ft of 4%, 16ft of 5.7%, 88ft of 3.2% really unbelievable grades, much much higher than the average head grade.
They are finding exceptional grades that could not only significantly increase the mine life going forward, but increase the head grade hitting the mill. Production is increasing. Recovery is increasing. The $CAD and fuel price dropping will make for even more improvements on the bottom line. And they have Mactung on the horizon. Add in the significant upside to the tungsten composite venture in the US and you have some significant upside here. (Note that TCM owns a large metalurgical facility that adds to their bottom line) As the percentage of NTC's concentrate that gets value added to APT and Blue Tungsten powder increases, so does their margins and in turn their profits......
Lots of upside here.
lurk