daytrade diaries... october 14 part 2, page-118

Well said Buffet re VMS. I have done some rough calcs and 3M (this is a calculated guess) tonnes of Tungsten ore at 1% (which is in itself it v high quality) works out to be about US$465M. Company has a market cap of about $35M, which also covers the Tin and Iron ore deposits. The other kicker is that those Tungesten prices are fairly low historically. Giddy up.