re: tng TNG is a way better play on that - lower capex, same production in scoping study, better grade. Their Molyhil tungsten/moly deposit is being spun out into a new AIM company called Thor Mining but TNG retains 25% of it and has a fantastic lead/zinc deposit up in the NT called Manbarrum (20mt at 10% combined lead/zinc). Add to that its gold portfolio and this is a very cheap stock and diversified enough to avoid the usual commodity risk. They are very active as well - stock trades good volume and seems to be getting traction. I own a bunch of it from 10c. The best comparison for Manbarrum is Ivernia's Magellan lead project in WA - 15mt at 11% lead and a market cap of $150m with a mine build and in production. TNG is heading the same direction and at present is capped at under $20m
may 2005 tungsten trioxide u.s.$23,000/ton., page-3
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1 | 24000 | 0.410 |
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Price($) | Vol. | No. |
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