Ann: Mitsubishi Funding & MoU Update , page-10

Mryeh,

Thank you for your post.

I try very hard to be positive, as I believe we have an outstanding resource and we have a “World Class” tungsten deposit outside China. The new Directors are focused and kicking Goals.

I see a lot of merit in your comments and maybe Mitsubishi will require full approvals.
BUT my understanding is there is 5 years of Stockpile and we have a payback of 18 Months so one could argue the project is viable without the open pit.
Reopening the open pit could be self-funding.
As other posters have suggested approvals for the Pitt should not be difficult.

Subject to many variables I would like to think we would have a share price of say $0.50 in 2 years and a $1.00 in say 5. We have $0.10 options expiring in 9 Months (Issued in Nov 13) loan money at say $0.12 so I am happy to hold.


Please DYOR.