The latest announcement stated: "The 1134 metric tonne units (mtu) of tungsten have undergone inspection by representatives of CNQ's major customer Mitsubishi Corporation Unimetals Ltd (MCU)."
The CNQ website states: A Metric Tonne Unit ("MTU") is equal to ten kilograms per metric tonne and is the standard weight measure of tungsten. Tungsten prices are generally quoted as US dollars per MTU of tungsten trioxide (WO3).
The May 24th announcement stated: "The initial 20 tonne bulk consignment is schedule for shipment within the next few weeks"
Maybe I am confused but are we to believe that only 11.34 tonnes were shipped?
CNQ Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
