Carbine started producing from hard rock last year? NOT! 6 quarters later no funding has been received, no mine is being built.
"The Tara Prospect prospect (EL 6532, refer below) has been tested for tin mineralisation and remains an attractive tin prospect, but a review of data by Carbine Tungsten’s geological team indicates that the prospect also has very significant silver prospectivity, with bonanza grade intercepts in two holes 400 metres apart (12 metres at 3,598 g/t or 116 ounces per tonne silver from 116.6 metres in hole TRD8, and 1.3 metres at 643.2 g/t silver from 181.9 metres in hole TRD6, both drilled by Pan Australian in the mid-1980s)." http://carbinetungsten.com/_literature_111090/Activities_Update
Carbine is mining (or at least drilling for) silver at Tara? NOT! The silver just disappeared like this: Pooffff!
Carbine produced close to designed throught? NOT! The company's production peaked at 19% of nameplate throughput for any shipment period. Average throughput was 12%.
Carbine can cherry pick from a list of funding partners? NOT! Two years later no funding has been received and Carbine engages Palisade to "make introductions to financiers".
CNQ Price at posting:
10.5¢ Sentiment: Sell Disclosure: Held
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