Slide 5 Of Icon presentation
China Has 65% of the worlds Tungsten.
It is estimated Chinas Tungsten reserves will last 20 Years.
China is a net importer.
European Commission has declared Tungsten a Critical Raw Material.
Chinas demand growing buy 8% P.A.
I can understand why Icons Share price Jumped 18% yesterday.
Link.
http://www.asx.com.au/asxpdf/20100916/pdf/31sjw49sbkyj5d.pdf
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