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North American Tungsten Corporation Ltd NATUF

Metals & Mining Industrial Metals & Minerals
North American Tungsten Corp Ltd is a Canadian based exploration and development company. It is engaged in the exploration, development, and operation of mineral properties. The company produces, processes, and sells tungsten concentrate. Its project portfolio includes Cantung mine site and Mactung deposit projects.


GREY:NATUF - Post by User

North American Tungsten Corporation Ltd
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Post by ruminatingon May 08, 2012 12:13pm
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Post# 19885013

USD breaches parity with the CAD

USD breaches parity with the CAD

Today the USD has broken above parity to the Canadian dollar. This upward trend is a welcome break in a steady decling over the past 2 months. First quarte 2012 it was averaging at about 1.02 to the CAD, while in the past quarter it fell to average at parity, but late falling 2 cents below parity. Since NTC directly benefits in proportion to any appreciation of the USD relative to the CAD this again is a positive indicator going forward.

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