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North American Tungsten Corporation Ltd NATUF

Metals & Mining Industrial Metals & Minerals
North American Tungsten Corp Ltd is a Canadian based exploration and development company. It is engaged in the exploration, development, and operation of mineral properties. The company produces, processes, and sells tungsten concentrate. Its project portfolio includes Cantung mine site and Mactung deposit projects.


GREY:NATUF - Post by User

North American Tungsten Corporation Ltd
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Comment by fivekson Dec 19, 2001 5:23pm
316 Views
Post# 4543111

RE: Tungsten market news

RE: Tungsten market news Lower prices for Tungsten will have no impact for NTC.The company has a floor-price of $60,oo per MTU(10 Kg)on contract for the next 3 years for all production in place with no limit for higher prices.At present spot is about $60.oo and expected to go higher due to future demand for militairy use.Operating costs should be somewhere around $30to$40 per MTU. NTC will make a profit from day one. In a month from now the mine will be producing and shipping the first Tungsten. Final preparations are underway to have NTC listed on the TSE,which should happen towards the end of January 2002.IMHO,the exposure on the TSE will bring the shareprice a lot closer to the real value of NTC(around $2.oo?).
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