Darryle,You seem to be expecting a CNQ takeover.Like you I...

Darryle,

You seem to be expecting a CNQ takeover.
Like you I believe CNQ is venerable but I am not a fan of “Selling the Farm”.

I think the following should be considered and managed to understand the true potential of CNQ.

• Tungsten a “Strategic Resource” Warren Buffet has/is investing.
• China controls Tungsten.
• Mt Carbine’s resource (JORC) still to be defined. (Mine Life).
• CNQ hold the Mt Carbine surrounding tenements.
• The chances of QLD Gov. approvals in the 3rd & 4th Qtr. Should be a given.
• Dr Leon holds 13%. (Blocking holding)
• Announced Cornerstone investor Mitsubishi.
• Mitsubishi don’t seem to me a shareholder yet. (?? $15 Mil injection??)
• Low Grade stockpiles, Mine Life 5 Years
• Scoping study suggests an 18 Month plant payback.
• Location on a main road with infrastructure.
• Reopening and existing mine.
• Tailing Plant should assist with “Overhead Recovery”

Darryle,

The new Board/Management have done a fantastic job obtaining TWO “letters of Intent” and focusing CNQ.

Currently CNQ is negotiating funding for the Low grade Stockpile processing plant. Until the Mitsubishi $15 Mil Injection and suggested J.V. (Dilution) is clarified I don’t see a major increase in CNQ’s share price. (Yes CNQ is venerable and the $0.075 SPP looks attractive.)

The next 6 Mths will cement the direction.

“Gee 45-60c would be nice.” I don’t see this short-term.

Please DYOR.