North American Tungsten Corporation Ltd NATUF

RE: Predictions??

[RGS1]

We all assemble as much data as we can and then guess!!! It is the bature of penny stocks. However in our case we have some historical precident to go on. Tungstens ore is $70 - $73mtu. We have a mkt cap of $12 mil cdn. When Cananda Tungsten was in business and ore was the same price, the company had a mkt cap of over $100 mil or 3x our current level. It is importatn to remember that Tungsten is predictied to go much higher and our leverage to this move is amazing, at current ore prices we have an over 270% internal rate of return, with ore at $77 our IRR goes to 770%. Many of the tungsten traders are predicting the price of ore to be in the $110 mtu range. Our upside is tremenedous as long as the price of the commodity stays here or goes higher. Ron Shenton IR