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Main ForumALKANE RESOURCES (ASX: ALK) to soar as Tantalum price doubles during 2010

  • The price of tantalum is currently around $AUD$A116.11/lb, an increase of 200% + than this time last year.

    The run up in prices is in the main due to tantalum being labeled a "blood" metal as money from illegally mined Tantalum in the DRC was said to have funded the civil war.

    International pressure lead to the USA's Congress passing an act that forced corporations to disclose if they were using DRC derived tantalum....

    As Australian ASX listed companies have just on a 100 million pounds of contained tantalum (2011) and ALK has the highest JORC resource it looks like rosy times for Alkane. asx-tantulum-resources-2011.gif

    Alkane has quite a swag of riches... including the world's richest heavy rare earth deposit and gold, nickel, diamonds, iron, silver, uranium, zirconia, niobium.

    I hold ALK

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