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Bobwins

08/23/06 2:00 PM

#193 RE: Bmrboy #192

I would say it is in the neighborhood the other two but as you say, less upside. Tungsten like moly is not traded on the LME. That makes pricing more difficult to obtain and trends harder to see. The location in Peru is ok but not as good and safe as Canada. The one upside is the gold mine. The locals are chipping out ore by hand and producing enough ore to net 8-10,000 oz per year. DYN plans to increase output. If they do formal drilling and discover enough reserves, they may start real mechanized mining. The cashflow from the Tungsten mine will finance their exploration.

Bobwins