Ann: Mt Carbine Tungsten Mine receives $2.17m R&D Tax Refund, page-3

takes a bit of the sting out of the $20m loan conditions. Not that i'm complaining getting the funding is required.

Tony indicated in the update yesterday that they are aiming for 1000tpd coming from the underground to complement the OC and that this size of operation is on the small sides of things so with any luck with the 20m they can get the Feasibility studies, underground decline refurb and get mining at 1000tpd within a few years.

20 days or less until the JV is wound up. I think this is a major milestone and will make quarterly time a lot easier to understand. I have been pleasantly surprised with the share price since the quarterly. Lets see how far the Tungsten price increases go. We could be in for some cash flow sooner than later if it really starts to tick up.