Hi Skyline-$1 dollar rise is nice-heres a bit more to chew on:-Chinese traders of APT(Ammonium Paratungstate)tungsten have cut prices a bit so that they can sell into the fragile European economy.In fact the price per tonne has fallen from $469(September 2011)to around $389 to-day.However this is still very much up from the $183 in May 2009.Worldwide tungsten demand is expected to increase at an average rate of 6.5% per annum over the next few years.The earth,s population is growing at 1 million a week(no fault of mine!). All this is very good news for Thor shareholders,which,IMHO,is a hidden gem of an investment.Only recently has China become a net importer of Tungsten from being a net Exporter.This puts our Chaiman,Mick Billing in a strong negotiating position when it comes to offtake agreements,finance etc.A significant demand/supply imbalance is being created.IMHO-buy-add-and sit tight!DYOR etc,GLA Thorites,regards,OS.
THR Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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