Tungsten

[amarksp]

Have been buying PMI at these lower prices. No one has posted yet on the 7,595 MTU in fiscal 4Q whereby production exceeded sales. Likely some or most of this will turn around in fiscal 1Q and my calcs show 1Q should be most profitable in PMI history, we shall see. I am hopefully, conservatively estimating 3,200 MTU will turn around this quarter (i.e. sales will exceed production in 1Q). Am also assuming PMI will meet its regular 30,000 MTU production goal this quarter, this is more problematic, but certainly achievable, IMO.
http://amarks.homestead.com/files/pmi1.jpg

As for the Almonty/Black deal on Tungsten APT sales revenue, this has been averaging 11.55% of revenue these past 2 quarters. This is a good deal for Almonty, no doubt about it, but is somewhat/partially offset by lower G&A salaries/stock option compensation since Almonty getting paid via this "royalty" and not by salaries/options. I would prefer more transparency as well, but Almonty only getting 11.55% of APT Tungsten revenue at current Tungsten $260 price.

http://amarks.homestead.com/files/pmi2.jpg

Tungsten price is moving up a bit these past few weeks.
http://www.investorshub.com/boards/read_msg.asp?message_id=12565477

Believe PMI is a good speculation at these lower prices, given that fiscal 1Q should be PMI's best quarter ever from mining operations (i.e. before one time adjustments such as last quarters Income Tax Adjustment). We shall see.