RE: Decision requiredWow Telemarker....... I like how you keep trying to bring ROK into the frey as a tungsten play.....lol
Like you said, its your biggest holding. I guess thats why you are trying to sell it here.
First, ROK has ZERO tungsten resources defined. Their drilling turned up what I think are pretty low grades for underground mining, over very short intercepts.
Second. You say ROK has two minerals in one mine. But they are in different zones, not in the same ore, meaning they would have to stop recovering one to recover the other. With them having ZERO tungsten resources defined and the drilling turning up tungsten grades several times lower than the Moly grade they are mining is that even really an option?? Come on man. Just drop ROK as a tungsten stock already. Its not even close.
Third. In your simplistic summary, you totally left out the fact that NTC has a PROFITABLE, PRODUCING Tungsten Mine (Cantung) that just discovered an extremely high grade zone that will imo extend the mine life and improve the head grade. You also forgot to mention that they have 43% ownership in a Tungsten Composites JV that is able to process their lower grade ore to APT giving it a significant premium. They will also be selling tungsten composites that are environmentally friendly and will replace lead in areas like ammunition, fishing weights, tire balance weights etc..... Also comparing CAPEX between the different stocks is totally irrelevant unless you compare economics, IRR, NPV, LOM etc etc...... It means nothing to say 'this one costs the most' unless you compare what you get after paying for it.
The most likely scenario for the development of Mactung is a JV partner coming in with a cash payment to cover the equity portion of debt financing. Yes NTC will still have to issue some shares. Its the stock market! I believe they can easily keep the OS share count below 200MM shares by the time Mactung is producing. If they JV out say 30-40% of the project and have under 200MM shares out you can expect a multiple dollar per share ($2-$3) price on a modest 6X EPS multiple. Thats on Mactung alone. If Cantung can continue to find new zones of high grade and extend the mine life then they very well may have two producing mines. Add in the value added upgrading of their concentrate through the TDI Joint Venture and addition products they are planning to sell any you have one heck of a lot of upside from 16 cents.
Hilarious that you try and sell ROK as the best tungsten play (by mentioning negative aspects of all other stocks except ROK) when in all likelyhood its the worst one..... lol
Keep trying.
NTC is the stock to be in when it comes to Tungsten. I will say it again. The ONLY publicly traded Tungsten producer in North America. Profitable Producer. With Value Added JV processing facility in the US. And Mactung with a BFS showing a NPV of $2 per share....... Just sell some ROK and buy some NTC. You cant pretend they are the same thing, they are far from it.
lurk