Let me preface this by saying if this is a 35c stock I'm a happier person.
It seems that there has been two schools of thought here , hard rock v the old administration of tailings and then hardrock.
CNQ needs the hard rock to become a major supplier, a few containers o fines here or there would not tip drills at buntings. And god knows it was a few.
The focus seems to be on a longer term hard rock under Leon. That is where the big bucks are, and big bucks is a new sensation for us.
In the end Mitsubishi will come good with the 15 million if we get permits are in place and things move on. There is more tungsten here than we expect and this is confirmed by the 15 big ones.
I'm poor now but think developments later this year will make the wait worth while.
CNQ Price at posting:
5.8¢ Sentiment: LT Sell Disclosure: Held
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