Scottm, Thanks for your post. My understanding is the total...

Scottm,

Thanks for your post.

My understanding is the total Capex for CNQ is around $45 Million.
China controls around 90% of the worlds production and over 60% of the Tungsten Reserves (2012).
“Strategic stockpiles of tungsten in the USA are expected to be exhausted during 2015 and this scenario is also likely to support a strong and increasing tungsten price”.
This could be justification alone for VML to be producing. With CNQ as the processing HUB it means that VML only needs the mine start up and crushing costs.

"Today's just for interest, when do you think the funding annoucement will happen. Which week?"
The Mits BOARD have approved the MITS LOAN.
MY GESS IS AS GOOD AS YOURS.
That being said the DEC Quarterly gives every indication.
$15 Million Drawdown agreement signature late Feb.
Project Steering Committee operational Late Feb.
Long Leed time equipment ordered ?? March??
Turnkey tenders finalised ??March??
Staff recruitment as required.

Once this happens the Marketing people Brokers have a concrete funded story with Mitsubishi's backing.
The Queensland government will be pushing employment in this area.

Scottm,
Mits have done all the required Due Diligence and completed all the "Decision by Committee" decision making style now the board of Mits have approved the project Mits will not pull out.

Share price.
Australians are an impatient lot including me. The Japanese approval process has taken years.
If CNQ's management meet  there own KPI's we should see a lift in confidence and share price.
Note we have not seen the Fine Print of the loan.
At the last AGM a 10% placement was accepted how, what, who Price???


We have turned an enormous corner, the engine has started.

Please DYOR.