announcement good reading, page-20

Don't know what is wrong with this one. The share price has gone nowhere.

It seems the longer the project is delayed, the more capex will incur.

A few things this company can do:

1. Start drilling out the rest of anomalies to upgrade the resources basis for moly/tungsten;

2. Do a bulk sample metallurgical test to generate a concentrate specification to settle the off-take agreement;

3. Buy out the 15% interests from the partner by issuing new shares. ATM the partner will enjoy 15% of the benefit without spending a cent

4. The copper project might be a long shot. Do nothing on it.