Online Tele-Solutions Inc. (OTCMKTS:TUNG) aka Tungsten Corp. is making an explosive move up on accelerating volume. The stock has gone from illiquid at $0.0007 to one of the top most traded stocks on the entire bb’s in recent days.
Everyone loves exciting subs and TUNG fits the bill perfectly; oversold and forgotten TUNG has just 208M shares outstanding as of January 2 putting the Company’s total market valuation at a paltry $600,000 even after the huge run its made.
Online Tele-Solutions Inc. (OTCMKTS:TUNG) aka Tungsten Corp is focused on the exploration and development of tungsten deposits within the United States. The shell was incorporated in Nevada in 2008 as Online Tele-Solutions, Inc. They changed their name to Tungsten Corp. in December 2012. Tungsten Corp. projects include:
The Cherry Creek property, located approximately 90 miles south of the town of Wells, in White Pine County, Nevada. The Company acquired an option on 100% of the tungsten mineral rights in the immediate vicinity of an area commonly known as the Cherry Creek. The Project encompasses approximately 2,300 acres within a 36 square mile area that is 6 miles wide and approximately 6 miles long anomalous in Tungsten, silver, gold and other associated base metals.
The Wildhorse Mine property, located approximately 50 miles west of the town of Mackay, in Custer County, Idaho Tungsten Corp. has acquired an option on 100% of the tungsten mineral rights in the immediate vicinity of an area commonly known as the Wildhorse Mine property. In September 1954, a 40-ton mill was in operation processing tungsten ore from open-pit operations on three deposits known as Steep Climb, Hard to Find and Beaver, all within an area two miles long by three-quarters of a mile wide.
Tungsten Corp. seems to be in the right place at the right time; the demand for Tungsten is growing fast and China and Russia currently control 80% of the supply. With China tightening their grip on the precious element TUNG us mines become all the more relevant.
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Tungsten, also known as wolfram, is a chemical element with symbol W and atomic number 74. Tungsten is among the world’s hardest materials and is only found naturally on Earth only in chemical compounds. Its important ores include wolframite and scheelite. The free element is remarkable for its robustness, especially the fact that it has the highest melting point of all the elements. Also remarkable is its high density of 19.3 times that of water, comparable to that of uranium and gold, and much higher (about 1.7 times) than that of lead.
The precious element is increasingly finding its way into new technologies for its special properties including its ability to withstand extreme temperatures that makes it ideal in the manufacturing of electrodes and components used in touch screens.
In recent news TUNG said it has retained Carlin Trend Mining Services Ltd. (CTMS) of Elko, NV, to commence an in-depth program of stream sediment sampling in claim areas previously identified as offering high potential for commercial grade and size deposits of tungsten mineralization.
As part of the overall sampling program, Tungsten Corp geologists will also conduct comprehensive mapping, detailed rock chip sampling where warranted, and make extensive use of hand held Ultraviolet (UV) lamps in order to examine rock samples collected during the mapping program in order to identify fluorescent scheelite (the main tungsten mineral) where present. The UV process ensures rock samples can be pre-screened before sending them to an ISO certified laboratory for assaying, and also greatly increases the probability of identification of potential tungsten targets during the early stages of the fieldwork.
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TUNG has been very successful in capturing the imagination of investors and attracting a very large base of speculators to the stock quickly. At current levels there is huge demand for TUNG which has transformed into one of the top traded stocks on the exchange. TUNG is one stock to watch.
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Disclosure: we hold no position in TUNG either long or short and we have not been compensated for this article.