Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-34

Carbine has some good industry peers to guage their success. I am quite heavily invested in the Silica sand/Mineral Sand (Yes Strandline is one of them) and High Purity Quartz sectors - dont know what it is about sand, but I LOVE IT.
I had compiled a table of data to help me keep track of value investments in the sand sector and I thought I'd share it with you guys and gals.
DISCLOSURE: I do not yet own shares in Carbine, but I'm watching the situation closely. There are two things that are of great concern to me in the case of Carbine
(1) Its located on Defence controlled land (RAAF) and getting a permit to mine there could be extremely hard/long winded
(2) The EPA is going to make it very hard to get a permit in Muchea, given that there are already sand mining companies well established - remembering that an area can only have a certain amount of disturbance allowed in a period of time. That's one of the main reasons, VRX has chosen to first get their Arrowsmith North and Central projects through the EPA process before thinking about Muchea.

First, we have the resource metrics:


and then the financial metrics:


I recently invested in ASQ (Australian Silica Quartz Group Ltd) , an upcoming High Purity Quartz (HPQ) and silica sands mining company. I plan to put a decent amount into them given their management capability, tenements and business model.

GLTAH, DYOR