Jun 14 2012
Only days after signing a joint venture agreement with mining experts Diamond V Associates, GTSO Resources is wasting no time in identifying new targets for potential acquisition and joint venture. The company has identified promising new tungsten opportunities in South Korea and will begin shortlisting targets this week.
The threat of global shortages of tungsten presents investors with an unbelievable opportunity. Tungsten prices have already skyrocketed from about $180 per metric ton three years ago to roughly $430 today.
That explosion in value has caught the attention of the world's most prominent investors. IMC International Metalworking, part of Warren Buffett's Berkshire Hathaway empire, recently invested in a tungsten mining project in South Korea and the target has also guaranteed to buy 90%-100% of all the shiny metal from Woulfe Mining Corp.'s (TXSV: WOF) Sangdong Mine there.
Sangdong is expected to produce half of the world's tungsten supplies outside of China and account for seven to ten percent of total global tungsten production when it reopens in 2013. That's why GTSO has decided to focus on this vital resource and region: Adding existing pipeline projects could create explosive earning potential for investors.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes Goldcorp Inc. (NYSE: GG), Newmont Mining Corp. (NYSE: NEM), Royal Gold, Inc. (NASDAQ: RGLD) and Barrick Gold Corp. (NYSE: ABX).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOresources.com] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit our website at www.GTSOresources.com/investors.html.
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