Ann: Mitsubishi Funding & MoU Update , page-36

The permit to process the stockpiles is in place.

Mitsu's money was earmarked to build a plant to process this rock - nothing to do with the open cut stuff at this stage.

But clearly Mitsu has a source or a stockpile of tungsten which is meeting their needs. They have not had a CNQ shipment since the plant shut down during the December 2013 Quarter.

They went fishing and have hooked this company of one active director/CEO and are playing it long and slow. By the time they decide to land it, it may be just a skeleton.....

The other interested parties who reportedly want the open cut output that Mitsu has not stated it wants, will no doubt become extremely tired of waiting endlessly for any sign that they might ever get some product.

They will go elsewhere for their goods - remember they also inspected VML up the road. It's not like our tungsten has properties different from anyone else's (other than it being composed entirely of unobtanium)