Anyone had any updated correspondence on this topic?Dear SWBThe...

Anyone had any updated correspondence on this topic?

Dear SWB

The tungsten price improvement is certainly encouraging although it is offset a little by the weakening of the US dollar.

The tungsten price mechanism is not as transparent as moly also.

Largely you are right ? but if the tungsten price continues to go up & the US$ & moly prices stand still eventually we will have a viable project, based substantially on tungsten with moly as a by product

US$300/mtu for tungsten probably would not do it for us but it may not need to go much higher

Kind regards

Mick Billing
Chairman
Mob:

Tel: +61 8 8177 8800 Fax: +61 8 8272 2838
Email:
Address: Level 1, 26 Greenhill Road, WAYVILLE, SA, 5034


From: me [mailto me]
Sent: Saturday, 18 September 2010 12:44 AM
To: 'M Billing'
Subject: Moly Price

Mick

I guess we have much further to go on the moly front - US$16/lb? Still half where we are at compared to 08?

With tungsten at US$250/mtu will we still have to wait for moly to catch up before we have any interest in Molyhil again

Best