RE: "This is considered a new discovery at La Joya OK, I can't paste all my notes, but I'm thinking that at the least this may very well result in SilverCrest ending up with a Zero Cost Basis on Production. I'm thinking that the smelting Gains would cover the cost if they give away the MOLY & TUNGSTEN...though this Tungsten could be a bigger factor than I'm considering. I found it interesting just to find this info...what was it being withheld from Public until the Big Boyz get in. A lot of old operations are looking to restart...and:
www.forbes.com/.../the-world-is-running-low-on-tungsten-...
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Mar 14, 2012 – Increasingly, tungsten is finding its way into new technologies. ...With the explosion of touch screen technology in smart phones and tablet ... of loosening the reins on tungstenexports, preferring instead to use its supply for its . |
Last month, Warren Buffett and Berkshire Hathaway unit IMC International Metalworkingagreed to invest $80 million in a tungsten mining project in South Korea, which was once the world’s biggest tungsten producer.
While the deal may come as a surprise to the outside world, those with knowledge of tungsten understand that it’s a crucial but disappearing resource that continues to affect all of us.
A Hard Metal That’s Hard To Get
Tungsten (W) is among the the world’s hardest materials. The metal’s ability to withstand extreme temperatures – particularly high heat – makes it irreplaceable in applications such as cemented carbide tools (which accounts for 50% of its use), “hard steel” drill bits for oil and gas exploration, rocket engine nozzles, cathode-ray tubes as well as vacuum tube filaments, and (for the time being, anyway) filaments in incandescent light bulbs. (The latter only accounts for 3% of its use.)
Increasingly, tungsten is finding its way into new technologies. Its hardness, stability and ability to withstand extreme temperatures make it desirable in the manufacturing of electrodes and components used intouch screens.With the explosion of touch screen technology in smart phones and tablet devices, demand for tungsten, which already was growing six percent annually, is increasing dramatically.