Mr Right said:Have it on your watch list i think big potential in the next few months!
Joe Blow said:Perhaps you could be a little more specific?
At the moment your post is simply a ramp. Some elaboration would be nice.
Mr Right said:Started drilling for Nickel (11.12.2006). Previous drill results back in 1980 significant nickel in the range of 1 - 2%. Nickel with a content of above 0.7% can be profitably mined. The ore is nickel sulfide and its very easy to treat. The company also acquired tungsten deposit which was previously drill around the same time and the current testwork actually shows a better than previously reported results. Nickel prices are predicted to jump significantly and i wont be surprised if Hazelwood will follow the same trend.
For more information refer to their releases. The tungsten project is planed to go into bankable study.
any advice on whether this is a long term hold or short term trade?
I just came across Hazelwood Resources after reading:
http://www.theaustralian.com.au/business/mining-energy/rare-earths-you-read-it-here-first/story-e6frg9ex-1225944148371
"On a more stable (and realistic) note, Hazelwood Resources - whose project in Vietnam begins production during the March 2011 quarter, notes that ferrotungsten prices are back nearly to record highs. Its operation will be the largest ferrotungsten plant outside China. Like with rare earths, China imposes heavy export tariffs on ferrotungsten."
They are claiming on their website:
Hazelwood Resources Ltd is focused on becoming Australia’s only Tungsten producer with 2-3% of world production commencing in 2010. Prefeasibility on the Big Hill Tungsten Project is nearing completion.
"and will be commencing production up to 25% of world supply of ferro tungsten from Q1 2011."
I think I will keep an eye on this company with a look to buying shortly.
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