Topic: How To Invest

Hi Pat: What do you think about North American Tungsten and the tungsten market? Keep up the good work. Many thanks.

Article Excerpt

North American Tungsten, $0.10, symbol NTC on Toronto (Shares outstanding: 238.1 million; Market cap: $21.4 million; www.natungsten.com), acquires, explores, develops and operates mineral properties, mainly tungsten, in the Northwest Territories and Yukon Territory. The company owns the producing Cantung mine, as well as the Mactung project. Cantung has the potential to generate about 4% of the world’s tungsten output. The company believes the Mactung deposit, which could be in production in a few years, has about 10% of the world’s known tungsten resources. Low tungsten prices forced North American Tungsten to suspend operations at Cantung in October 2009, but it resumed production in October 2010. Tungsten has many uses, including as tungsten carbide in cemented carbides, which are wear-resistant materials used in the metalworking, mining, oil and construction industries. Wires, electrodes and contacts made of tungsten are used in lighting, electronics, heating and welding. In addition, tungsten goes into heavy metal alloys for weapons, radiation shielding and weights. Superalloys for turbine blades, tools…