North American Tungsten Corporation Ltd NATUF

Extremely HIGH GRADE tungsten....

[lurkerone]

Just wanted to post these again on their own.  These are some highlights from NTC's definition and expansion drill programs over the last year or so.....  The grades are EXTREMELY HIGH.  Below I have calculated the value per tonne of 3% Wo3 at 75% recovery.

15ft @ 4.16% Wo3

89ft @ 3.26% Wo3

58ft @ 2.59% Wo3

31ft @ 3.24% Wo3

Incl 15ft @ 5.7% Wo3

13ft @ 2.78% Wo3

10ft @ 2.5% Wo3

17ft @ 2.9% Wo3

5.0ft @ 6.09% Wo3

2.5ft @ 9.18% Wo3

18ft @ 2.61% Wo3

30ft @ 3.47% Wo3

1.7ft @ 7.83% Wo3

16.8ft @ 2.71% Wo3

2.5ft @ 4.42% Wo3            

10.5ft @ 4.26% Wo3           

20ft @ 3.31% Wo3          

15ft @ 4.34% Wo3          

22ft @ 2.98% Wo3          

10ft @ 2.41 % Wo3         

5ft @ 3.45% Wo3           

11ft @ 4.20% Wo3  

1000kg x 3% = 30kg/tonne.

75% recovery gives 22.5kg per tonne.

They get around $180 per MTU (10kg) for concentrate (although they get APT pricing now for lower grade concentrates that go through their JV company Tundra (TDI)

$180/MTU = $18/kg.

$18/kg x 22.5kg = $405 per tonne.

Now they aren't mining that true 3%, they are diluting the high grade with lower grade ore but it goes to show the value in the rock.  Head grade was just over 1% in the last quarter.  I expect it will increase as they move into this new zone that was discovered.  Development work into the new zone began last fall i believe so the benefits of this higher grade our could be realized soon.

ROK has grades over the same types of invervals of around .5% and would probably have an even lower head grade than that.   Say .4% w03 gives about 3kg per tonne recoverable or $54/tonne ore value.  I highly doubt they are going to make any money at that......

Just my opinion.....

lurk