The company has reconstituted itself after recent financial difficulties and is now cashed up and debt free. NTC hopes to begin production of an annualized 400,000 MTU of tungsten this August. Cantung will produce tungsten at about $60 per MTU and the company told Resource Investor that “there have already been expressions of interest to supply almost three times what Cantung can produce.” Furthermore, the company is structuring supply contracts with a 12-month initial term and a floor price of $100 per MTU. NTC will then offer buyers a 20% discount on all tungsten sold above that price, which means that if one takes the current tungsten price of $220, the company would receive almost $200 per MTU. It does not take a rocket scientist to figure out the level of cash flow that will be thrown off (hint: $55 mil). NTC’s present market capitalization is only CDN$75 million!
At 90 million shares 400,000 MTU x $160 profit = .62222 EPS. I don't know what kind of multiple to assign it but I'm sure going for more than 2 or 3. Making $.60 per share why wouldn't it be worth $8 or $10. More if there's plans to produce APT.
Yes, my knuckles are getting white. I'm not wealthy like all these other posters here. $400k or $600k would change my life a bit...
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