GREY:WFEMF - Post by User
Comment by
StockExpertProon Aug 05, 2013 5:37pm
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Post# 21650582
RE:RE:RE:Chinese tungsten prices rise on tight supply of high grade material
RE:RE:RE:Chinese tungsten prices rise on tight supply of high grade material
It is all connected!
Higher tungsten prices equals financing. Whether it's going to be from Korea Zinc, Goodman's Dundee, Berkshire Hathaway's IMC or some other source is yet to be seen. Warren Buffett and Ned Goodman did not become billionaires by squandering extremely valuable investments like the Woulfe Mining tungsten project.
Any chance of this tungsten project not becoming a reality would be connected to tungsten prices. Tungsten prices are currently outperforming the majority of other commodities. I remember several months ago when you and other naysayers were claiming tungsten prices would not stabilize. Oh, how wrong you all were. Even the great experts like Rick Rule were wrong. He claimed China could possibly flood the market with Tungsten if their economy growth rate were to slow down. In my opinion based on research i've done, China can grow at a slower growth rate and tungsten demand will still continue to rise. China was actually buying truck loads of tungsten concentrate a few months ago. The worlds biggest producer of tungsten is buying large amounts. According to the tungsten fundamentals outlook. Tungsten demand will continue to rise through 2013 - 2016 and beyond. All of the research indicates that the tungsten market is headed toward a massive deficit over the next few years.
Forecast Tungsten Demand 1989 to 2016*