https://www.playfairmining.com/i/pdf/Tungsten_Dec11.pdf
Sector Review
Christopher Ecclestone
cecclestone@hallgartenco.com
Tungsten
The Cutting Edge in Metals
MLG - 2.39 MN Tonnes Grade 0.72% - $30M MCap
NTC - 33 MN Tonnes Grade 0.88% - $96M MCap
WOF - 103 MN Tonnes Grade 0.35% - $101 MMCap
PLY - 10 MN Tonnes Grade 1.77% - $4.2M MCap
Monday, December 19, 2011
There is no shortage of potential investment vehicles as the table below shows. In most of these cases the Tungsten prospect is the main asset of the company concerned (though not at Largo and arguably not at Galway also). Beyond this group there are other companies with Tungsten potential (Quaterra for example) where the asset is insignificant compared to the other metals in the exploration portfolio).
Playfair Mining: pure play, mainly explorer at this stage but with a low-capex potential production project in Newfoundland
Malaga: a producing pure-play in Peru North American Tungsten: a producing pure play in the Yukon King Island Scheelite: a former producer reactivating a mine in Tasmania Woulfe Mining: mainly a Tungsten play reopening a past producing mine in South Korea, with a
gold mine as a second string asset Carbine Tungsten has a past-producing mine, Mt Carbine, in the Australian state of Queensland.
The company is planning to re-treat the low grade stockpile (using X-Ray sorting) over a period of 4-6 years at a production rate of ~100 tonnes WO3 per month, before it recommences hard rock mining.
Colt Resources: Mainly a gold play in Portugal with a second string non-NI43-101 Tungsten/Gold asset in Portugal
Playfair Mining: pure play, mainly explorer at this stage but with a low-capex potential production project in Newfoundland
Largo Resources: mainly a Brazilian Vanadium with a JV Tungsten property in the Yukon and a tailings reprocessing project for Tungsten in Brazil
Wolf Mining, a past producer in England, with a very low grade of material (though with tincredits). Interestingly has Resource Capital and Traxys as shareholders (which is also the case at Malaga and Woulfe)