GREY:WFEMF - Post by User
Comment by
StockExpertProon Feb 16, 2013 5:59pm
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Post# 21000881
RE: Tungsten APT $325 - $340 per mtu
RE: Tungsten APT $325 - $340 per mtu According to this recent news China refuses to sell any tungsten below the APT price of $340 per mtu which is a very good sign for WOF in my opinion. I think the $340 per mtu on tungsten APT prices is the bottom. China controls the tungsten market. If $340 is the bottom then I think $450 to $550 per mtu will be the top for tungsten APT prices. People do not realize that the price on tungsten fluctuates like everything else. The Chinese drew a line in the sand and said $340 is the lowest they will sell tungsten APT for. This is a good sign for Woulfe Mining because their tungsten grades are double that of China's and the break even APT price for Woulfe is around US$175/mtu.
https://www.metalbulletin.com/Article/3129015/APT-prices-likely-to-rise-in-2013-friction-remains-between-Europe-and-Asia.html
Quote:
Tungsten APT in Europe is being reported at higher prices, in the range of $325-340/mtu as opposed to the recent $305-325/mtu range.
https://www.slideshare.net/Mines_and_Money/brian-wesson-woulfemining
https://tungsteninvestingnews.com/3495-tungsten-market-update-february-14-2013.html