North American Tungsten Corporation Ltd NATUF

Is NTC on the verge of bankruptcy?

[GaiusOctavius]

I have a feeling that NTC's upcoming earnings are going to be really ugly. Tungsten prices should rebound in the long run but how much longer can NTC continue to lose money hand over fist like this? I highly doubt North American Tungsten will generate a net profit even if tungsten prices do eventually top out at over $500 per mtu. The costs of operating a mine in Canada are OUTRAGEOUS now-a-days. Basically this means the high costs of running a mining operation in Canada would cancel out any future rise in tungsten prices. North American Palladium is a good example to compare NTC with. North American Palladium cannot turn a healthy profit even with rising palladium prices because the mine is located in Canada. I prefer to invest in stocks that have mining projects in South Korea, Ethiopia or any other country where costs are CHEAP!