GREY:WFEMF - Post by User
Comment by
kyoung28on Nov 09, 2010 3:41am
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Post# 17678389
RE: RE: RE: Call WOF
RE: RE: RE: Call WOFbeastocker,
yes, i agree with chinese limiting on exporting their resources oversea effects the tungsten price.
chinese produces more than 70% of worldwide tungsten production and they consume most of it themself.
the point is korea is currently buying large amount of tungsten from china too.
now, guess what will koreans do if they find there is actual tungsten in their land....
WOF has many options. among the many options, WOF can consider to find end-users from korea or to export to china. this will happen even before they start production.
that's why their current drilling is very important. if they confirm again the actual amount of tungsten from their 5000m drilling and grant from bankable feasibility.................sp will pop huge...my guess is seatting at $1 or above easy.
let's see what happen....GL.