GREY:MPRXF - Post by User
Post by
u2bobon Aug 03, 2014 11:51am
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Post# 22806051
Moving Forward...
Moving Forward......I think the company has a game plan for the Tungsten ...once they establish the numbers on the tungsten and the high grade ...it will be no problem finding off/take or partner for the tungsten
MONUMENT BAY – UNIQUE ASSET WITH INCREASINGLY IMPORTANT TUNGSTEN BY-PRODUCT
Monument Bay is a unique asset with both gold and tungsten (in the form of scheelite). The tungsten market remains stable with the average price of US$42,800/tonne which is expected to steadily increase to US$48,000/tonne by 2016
(Source: Tungsten Market Research Ltd. January 2014). Tungsten is classified as a strategic metal by the US, EU and China. Two new conflict free mineral legislations were implemented in the US and EU this year disrupting tungsten production and trade in Africa. This has left companies, such as the large electronic manufactures, that require Tungsten in their products looking for rare high quality conflict-free Tungsten sources.
Monument Bay’s tungsten by-product would meet their needs and has the potential to attract offtake partners or a strategic investment. I believe over time the market will begin to
recognize these benefits in Mega’s by-product.