a new phase of growth under a refreshed board, page-7

Tinnitus

Thank you for your post

Why would it make sense to continue to run a loss making business?

If you look at appendix 5B for the Dec Qtr there was the following.

Exploration. (5)
Development. (906)
Production Nil
Administration. (112)
Concentrate sales 383
Miss Income 10.
Total. (630)

Forecasted expenditure this Qtr.
Exploration. (10)
Development. (800)
Production. Nil.
Administration. (100)
Concentrate sales not estimated.

Total. (910)

Clearly from Appendix 5B CNQ Management are continuing to process tailings.
We have had disappointing Sales/Production to date. But in the Quarterly Activity report we have been advised in the “Executive Summary” 1st paragraph.
“Achieving significant advancement with respect to improved production from its Tailings Retreatment operations”
“the daily production rates have significantly improved in the qtr.”

We would all be very happy if Tungsten Slurry sales “significantly improved”
From $383K in the Dec Qtr to say $910K in the March Qtr Break Even.

Hopefully we will see a Sales update early April.

Imagine the positive if CNQ can do Broker/institutional presentations stating we are Cash flow neutral thanks to tailing production.

Note Mitsubishi would be hands on with any decisions.

Please DYOR.