tungsten first 20 ton cash flow fucture growth, page-4

treefeed

Thank you very much for your post. (I was feeling alone)

Interesting your recommendation is “BUY” not “Long Term Buy” like me or Hold.
I also notice you also “Hold” stock.

I am confident the Board and Management will be putting 100% effort to ramp up production.
First bulk shipment “late May” is critical for credibility.

In the fullness of time Tungsten & the World Markets will recover it has been suggested 2 to 3 years. I am not planning to die in the next 2 to 3 years so I am OK with that.

Please note the exchange rate has dropped 10% plus and CNQ’s justifications used $1.08USD (Could add to the Plant & Equipment costs unless we but another 2nd hand plant)

You have to agree if the NEW management manage in 2 to 3 years CNQ will have reopened the open cut and will be in full production of Tungsten slurry upgraded JORC and a “World Class“ Tungsten producer. (“Estimated Gross revenue $100,000,000 P.A”)
We also have the cashflow from the tailings & virgin diggings stockpile prior to reopening the pit. Unique. (CNQ should outperform a suggested flat market over the next 2 to 3 years.)

From memory CNQ will be the only Tungsten processing plant in North QLD and could become a Tungsten processing hub????

I like you are very disappointed frustrated with delays and hot air in the past but to jump ship when CNQ is negotiation with Mitsubishi and the key company changing events in the previous posts and the last few announcements would be hard.

Thank you again for your post debate is good. Obviously we will agree to disagree.

Please DYOR.

Sit back enjoy the ride.