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TUNG | Tungsten Corp. Could See Triple Digit Gains From $1

In case you missed our alert on Lot78 Inc. (LOTE) when it was trading at just 0.93 in mid-March, perhaps you shold have a close look at Tungsten Corp. (OTC: TUNG). Having broken out of its secret shell on Thursday to put up nearly $1 million in volume, TUNG stock is officially being called by many as the next “Breakaway Stock” to follow the path of LOTE stock. While President and CEO, Guy Martin, will have his hands full this weekend replying to various email inquiries, the Company’s planned “Cherry Creek Tungsten Project” could be the fruit traders need to end the spring with another triple digit winner.

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Market Cap: 73.13M
Last: 1.03 ▲ +0.0600 (+6.19%) 
Volume: 804,600
Open: 0.98
High: 0.94
Low: 1.04
Authorized: 300,000,000
Issued and Outstanding: 65,000,000
Insiders: 6,000,000 (9.2%)
1st Resistance Point: 1.0667
1st Support Level: 0.9667

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Tungsten Corp. has been putting out weekly updates now for the last 3 weeks. Prior to their 10-K filing two weeks ago, the first real announcement came when the Company launched its website and made public news of two historically productive mining rights in Nevada and Idaho they recently acquired.

Besides the Cherry Creek Tungsten Project, Tungsten Corp. also acquired what they are calling the “Wildhorse Mine” property, located in Custer County, Idaho which used to be a 40-ton operating mill, processing tungsten ore from open-pit operations on three deposits known as Steep Climb, Hard to Find and Beaver, back some 59 years ago.

At around the same time, TUNG stock began to see test trades go through here and there before really picking up volume the last two trading sessions. The coincidence of the former listed company’s business, that of Online Tele-Solutions Inc. out of Singapore, being an intent to develop and offer Internet-based hosted call center services only solidifies more why TUNG stock is a must watch (own) position while its around the $1 level.

Chances are LOTE stock is going to see its share price finally collapse and allow Timmy to be hailed as “God in a Lambo” for the entire weekend by his disciples since he has been publicly calling for the collapse for more than 2 weeks already. A fallen LOTE stock would be a superb indicator that the real provider of Awesome Penny Stocks has switched focus and is ready for that last chance opportunity before May ends and summer officially begins.

About TUNG Stock

Tungsten Corp., through their wholly-owned subsidiary Nevada Tungsten Holdings Ltd., is a development stage company whose sole asset as of April 3, 2013 was an option to acquire all tungsten rights in regards to 32 patented and unpatented mining claims situated in White Pine County, Nevada called the “Cherry Creek Tungsten Project”.

Click here to view the SEC filings for TUNG.
Click here to view the website for Tungsten Corp.

Last 5 Trading Sessions:

Date Last Change % Change Volume
05/02/13 1.0300 +0.0600 +6.19% 804,600
05/01/13 0.9700 +0.0100 +1.04% 235,200
04/30/13 0.9600 +0.0100 +1.05% 86,000
04/29/13 0.9500 +0.0500 +5.56% 18,400
04/26/13 0.9000 unch unch 800

 

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Bottom Line:

LOTE put up gains of 1,152% from bottom to top for our subscribers and followers, with most getting some form of a triple digit win along the way. TUNG looks to do a fraction of that but is still a well-worth required addition to the list of penny stocks savvy traders will be taking positions in at some point today. Although prior performance has little to do with how penny stocks trade, the way LOTE stock was supported along its massive run, TUNG stock could have some true believers that it is one of the next Breakaway Stocks that can’t be passed up.

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