North American Tungsten Corporation Ltd NATUF

RE: RE: RE: Not going Well

[johndunn98]

Well then, you may be absolutely astonished if the price isn't $1 by spring. Based on its fully diluted share structure of around 250million you should ask yourself if the market will recognize a quarter billion dollar market cap for their Cantung mine. I don't think so. However, if they do a big deal for Mactung then it's possible. Remember, 90% of their production is forward sold at a set price (does anyone know what that is?) for 2 years. That leaves only 10% of production sold at open market prices. So, it doesn't matter what the open market price does over the next 2 years. They're tied to the set contract price. Besides, NTC doesn't produce APT stuff, only concentrate stuff which is a lot lower in price than APT.

If you haven't heard about anything negative about Cantung it's because you're not in the know. I have a good friend working there (for years) underground and I trust his judgement and assessment. Telemarketer says don't believe everything you hear on the net but in this case I disagree. He's obviously not a mining man, just a wishfull speculator. Once again I reiterate myself. If NTC comes up with a JV concerning MacTung all bets are off. I'll likely jump back in.

JD