W (Elemental Tungsten) : 1 WO3 (Tungsten Concentrate) : 1.2616 1 short ton 2,000 lbs 1 metric tonne 2,204.6 lbs 1 STU (Short Ton Unit) = 20 lbs (1% of a short ton) 1.102297 STU 1 MTU (Metric Ton Unit) 1 MTU 10 kgs (1% of a metric tonne) 1 MTU 22.04 lbs 1 Ton (2,000) 0.907 Tonnes 1 Tonne 100 MTU NOTE: If the price of WO3 is US$265/MTU = US$26.50/kg = US$12.02/lbs
So yes it would be 11.43 Tonne, which I still think it is important to note that a shipment went out regardless of it being smaller than expected. We just need to see what the follow on shipments will be over and over. The thing that caught my eye was that "MCU and a NUMBER of other key potential PROJECT participants are scheduled to visit Mt Carbine at the end of July 2012 to revew the company's hard rock feasibility study and discuss funding options for the hard rock project phase" So we have several interested parties in getting this thing up to full production of hard rock and wanting to potential provide the cash. Things are looking good and this isn't a project that will happen overnight. This is still a long term investment.
CNQ Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
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