Topic: How To Invest

Pat: Can I have your opinion on North American Tungsten? Thanks.

Article Excerpt

North American Tungsten, $0.30, symbol NTC on Toronto (Shares outstanding: 187.0 million; Market cap: $73.5 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. 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…