The Chinese are hoarding it, and Warren Buffett is investing in it. Prices and demand have been steadily increasing for years. Tungsten is more than just an extremely hard metal. Indeed, modern life virtually revolves around it and, in most cases, there is no substitute.
BHP Billiton has helped pull the ASX200 up 0.6% to 5,576.7 points. The Shanghai Stock Exchange Composite Index rose 0.14% to 2,078.49 points while in pre-open markets the Dow-mini is up 18 points to 17,051.
With total sales for the 2013/14 financial year coming in above guidance at 43,438, SomnoMed has achieved a clear sign of the fast growth path ahead with its sleep apnea appliances in 2014/15 with sales volumes expected to exceed 55,000 units.
MPJ is now funded to drill highly prospective nickel sulphide targets at its Roe Hills project, after raising $1.4M from professional and sophisticated investors. Historical nickel sulphide intersections at the project add interest. MPJ is expected to trade higher.
While work is continuing on its Castle Hill Stage 1 project, Phoenix Gold is certainly not sitting on its laurels, approving development of the Kintore West open cut project and award of mining contracts as part of the Castle Hill staged development plan.
The Fox 3 drill hole has confirmed the lateral continuity of modelled coal seams at Fox Resources’ Bundaberg Coking Coal Project in Queensland. It has also intersected thicker upper seams that could increase the current Inferred Resource of 101 million tonnes.
The non-binding Memorandum of Understanding to sell up to 250,000 tonnes per annum of oxidised coal from the Ovoot Coking Coal Project in Mongolia to Zavkhan Power Station provides Aspire Mining with a potential revenue stream from what would otherwise have been considered waste material.
Greenland Mineral's Kvanefjeld uranium and rare earth deposit in Greenland continues to advance towards key milestones including looking to finalise a mining license application through 2014, the upcoming permitting process and commercial discussions with development partners.
High grade silver samples of up to 422 ounces per tonne continue to support delivering high grade silver ounces for production at Black Mountain Resources’ New Departure Silver Mine in Montana.
The launch of Warrior Payments, an all-in-one payments, analytics, affiliate marketing and distribution platform, offers an alternative to other payment platforms. Notably it also leverages Freelancer’s internet marketing forum Warrior Forum, which has a network of over 780,000 internet marketers. We expect shares to move higher.
Work is now underway to advance Yellow Rock Resources’ Gabanintha high grade vanadium project in Western Australia following the completion of the third and final tranche of its rights issue shortfall, bringing the total raised to $3.36 million.
KGL Resources' shares are set to jump after delivering more high-grade broad zones of copper from the Jervios project. These included 13 metres at 5.75% copper. Bellbird is looking amenable to open pit mining. A resource upgrade is expected in August with a PFS in September.