The new discovery of near surface tungsten at Bobby McGee is...

The new discovery of near surface tungsten at Bobby McGee is extremely valuable to Hazelwood given the objective of becoming a vertically integrated specialty metals company. Studies will determine how much of the material can be classified as tungsten ore, but it seems likely that it will lead to another significant tungsten resource upgrade. The Chinese are hoarding tungsten and Warren Buffett is investing in it. Now Hazelwood has upped the ante and effectively become a tungsten miner (of sorts) as well as a ferrotungsten producer. The Western Australian tungsten deposits could supply the ATC plant from 2015...no need to pay retail for feedstock! Think fatter profits. Which should serve as a clarion call. Another man's junk is truly another man's treasure.