GREY:WFEMF - Post by User
Comment by
thasison Feb 28, 2012 11:37am
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Post# 19597944
RE: RE: our future investors
RE: RE: our future investors Referring to your call Feb 1/12 Kyoung28.... kudos
I am thinking Taegutec as the strongest candidate(investor) for Sangdong Mine since Korea Zinc is not in the list anymore…
Taegutec formerly known as ‘Korea Tungsten Co., Ltd,’ which used to be operated by Korean Government.
Korea Tungsten Co. was the ex-owner of Sangdong Tungsten mine since early 1900’ till 1994 when the mine was closed due to the world tungsten price has collapsed (tungsten was about $40/mtu).
Before (or after) the company has its name change to Taegutec, it has been bought out by the world largest metal cutting tools manufacturer named ‘IMC(International Metalworking Companies.’ Warren Buffett is the major share holder of IMC; possess more than 80% company share.
Check out the IMC’s website to see what other subsidiaries are under…
www.imc-companies.com
www.taegutec.com
Our world largest (or one of the largest) Sangdong tungsten mine is only two hours driving distance from Taegutec, one of the world biggest tungsten users.
I am simply guessing why Taegutec would import same tungsten from China if they can get the same grade of tungsten from two hours distance.
JMHO….hope to see it really happens...
Cheers,