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Fairways18

11/24/09 1:59 PM

#43730 RE: Farmboynate #43718

On CNBC yesterday they interviewed a ceo of a moly company. Moly is used for high grade steel production and is in hot demand right now. The Chinese are buying it up like crazy and pps of the ceo's company was up 300% since March.

F18
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Candy B

11/24/09 2:01 PM

#43735 RE: Farmboynate #43718

Hi Nate, on our last tour of the mine on 25 Sept. Walt showed us Tungsten deposit on the East wall of the Hidden Treasure Pit. He said it was not high quality there but as they dig deeper, and I believe they have 200 more feet to go in depth, he expects the quality of the Tungsten to greatly improve and at that time they MAY decide to install another phase at the Mill to collect it.
We know from history that the Old Hickory Mine, east of the HT & The Bawana pit, is also known for its Tungsten deposits which were last mined in WWII./IMO/Candy B
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tommyknckr

11/24/09 9:33 PM

#43880 RE: Farmboynate #43718

A report from back then had an error in calculation for tungsten.

Be careful with assessments because they had pounds of tungsten and then mistakenly multiplied by the per-ton price to get a number in the billions.

There aren't billions of $$$ of tungsten reserves at CPRK if you are relying on that report that has the mistake.

If there really were billions of $$$ in tungsten out there at Milford, the company would be called Tungsten King.