North American Tungsten Corporation Ltd NATUF

RE: RE: RE: RE: RE: RE: RE: RE: RE: Unbelievable..

[ruminating]

2007/08 was a bit of a market frenzy for mining stocks because the apparently insatiable demand for metals by China. But Tungsten was not one of those metals. Nevertheless, investors were perhaps less wary then. Also the stock was not as diluted then. It was a good environment to raise capital to do exactly what NTC did; define their resource base, improve their plant and equipment and even invest in processing technology (at least that would have sounded promising then). A great time to spin off holdings and draw in investment capital. 

Mining by it's nature depletes resources and then you have go out and explore or otherwise acquire more. When is the best time to acquire more? When the price of juniors are low. This is exactly the wrong time to sell this company or any of its assets. Once you prove that it can consistently generate 3-5 cents qtrly profits and is sitting on a resource that will continue to generate that kind of earning well into the future (Mactung) then the prospect of owning those resources and bringing to bear the economies of scale that a larger organization (whether a JV build-out, or direct takeover by a larger enterprise) makes paying a significant premium to daily traded SP practical. Right now a premium of 50% on
.22 is rediculously cheap. That price shoud be the annuallized earnings/share.... we would sell it for an EPS of 1.0 or 1.5? How much would someone bid when it's trading at
.22? 2 or 3 times current SP? I suspect not many sales take place at that premium.  The promise back in 07/08 was that this play could make money. Once that is demonstrated clearly thos SP will return and maybe even go higher.

Sorry... too many posts by me.... bye... or should I say BUY!!!!

-:)