OGX 0.00% 0.3¢ orinoco gold limited

stop whingeing !!!, page-117

  1. 2,120 Posts.
    I don't hold OGX, but watch with interest being a TRF holder.

    Although the gold and silver doesn't excite, these are good grades of very rare tungsten.

    The demand for tungsten outstrips supply at the moment.. World demand is forecast to increase from 68,000 thousand tonnes to 96,000 tonnes in 2016.

    China controls 60% of the world's reserves and there are only 5 mines outside China which is doing Tungsten mining. No wonder Warren Buffet recently has invested $80 million into a new Tungsten mine/ plant in South Korea.

    The price per metric tonne has increased from $130 to $480 now in the last 3 years..

    Think about it, google Tungsten not so bad at all..




 
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