Members of our Inner Circle service ask for our advice on a wide range of investments from buying penny stocks to investing in shares of large, multinational companies.
For example, an Inner Circle member interested in buying penny stocks recently asked our advice on North American Tungsten. The company’s projects are located in the Northwest Territories and Yukon Territory. Tungsten is used in a wide range of products, from wind turbines to light bulbs.
To give you a sense of how my Inner Circle service works, I’d like to share this question about buying penny stocks, and our answer, with you. I hope you enjoy and profit from it.
Q: Pat: Can I have your opinion on North American Tungsten? Thanks.
A: North American Tungsten, $0.36, symbol NTC on Toronto (Shares outstanding: 187.0 million; Market cap: $85.4 million; www.northamericantungsten.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.
The Cantung mine has the potential to generate about 4% of the world’s tungsten production. The company believes that 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 the company to suspend operations at the Cantung mine in October 2009. It restarted Cantung in October 2010.
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Tungsten has many uses, including as tungsten carbide in cemented carbides, which are wear-resistant materials used by the metalworking, mining, oil and construction industries.
Tungsten wires, electrodes and contacts are used in lighting, electronics, heating, and welding. As well, tungsten is used to make heavy metal alloys for weapons, radiation shielding, and weights. It is also used to make superalloys for turbine blades, tools, and wear-resistant parts and coatings.
Large amounts of tungsten are used in incandescent light bulbs, but governmental energy-saving regulations are forcing these bulbs off the market. That has hurt tungsten demand. However, tungsten also goes into halogen lamps, and into electrodes for discharge lamp systems (such as compact fluorescent lights). Demand for these types of lights is rising. So far, this has mostly offset lower tungsten demand from incandescent light bulb makers.
The company does not have positive cash flow, so it recently had to raise $11.5 million in a share issue at $0.50 each to fund its operations.
Our buy/sell/hold advice on North American Tungsten, based on the company’s current financial position the outlook for tungsten demand, is only available to members of our Inner Circle. You can’t get it anywhere else! (Note: If you are a current Inner Circle member, please click here to view Pat’s recommendation. Be sure to log in first.)
Let my trusted advice help guide you through the coming critical years
When you become an Inner Circle member, you always have access to me and my investment team. Whether you’re looking for investment strategy or a trusted second opinion on whether you should buy, hold—or sell—a specific stock, my trusted advice is always a mouse click away.
In addition, you’ll not only receive the answers to your questions, but you’ll also get to see all other members’ questions, and our answers (of course, we eliminate any personal information).
Even if you don’t ask questions yourself, you’ll be surprised at what you can pick up by reading answers to questions posed by other investors just like you.
And that’s not all. You also get subscriptions to all 4 of my newsletters, The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor.
I urge you not to miss this opportunity. Give yourself an advantage over other investors and join my Inner Circle today. Click here to learn how.
Comments
Mike
I am quite enthusiastic about the future prospects of various rare metal mining operations, considering how important they are to new battery technology and portable devices.
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X No, I don’t want to make big money in the stock market.
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I am quite enthusiastic about the future prospects of various rare metal mining operations, considering how important they are to new battery technology and portable devices.