Icon wants to get into the tungsten mining business as soon as possible. It certainly needs to get its hands on money, as it recorded an end-of-quarter cash balance of $53,000. For full story, click here
The rationale for the acquisition is StrataGold’s Dublin Gulch Eagle Zone Deposit, but it is yet to assess the full development potential of their assets in Guyana and there has been significant interest in the Mar-Tungsten Deposit by Chinese interests. For full story, click here
Traders said there was very little business being done, that they did not expect to see a real recovery until the second half of the year and that the global economic downturn would dampen activity for some months yet. For full story, clicki here
Monday, February 16, 2009