Hi geesoI haven't been following CNQ but it seems like you are...

Hi geeso

I haven't been following CNQ but it seems like you are right. I left out CNQ.

CNQ recently opened the "Tailing Tungsten production plant" & are ready for stage 1 production if Mitsubishi approves of the sample products (off-take agreement). Stage 2 & 3 are to be announced after the completion of DFS which is expected to be due later this year (2012); with production set for 2014. (11/4/12 Ann)

Not to downramp CNQ but it seems like CNQ's Tungsten Resource Grades are towards the lower spectrum compares to its peers in the same sector.
- Stage 1 (Tailing) - 2Mt @ 0.1% (2 years project life)
- Stage 2 (Low grade stockpile) - 3Mt @ 0.075%
- Stage 3 (Hard rock) - JORC inferred resource 39Mt @ 0.14%
**Referece - 5/3/12 CNQ Roadshow Presentation

Just to compare,
- WLF has a Ore Reserve of 26.7Mt @ 0.19%
- THR has a Ore Reserve of 2.15Mt @ 0.49%...
...with an estimate "Stage 1/Phase 1 of 1.4Mt @ 0.6%"

The THR reserve figures above were quoted from older data, our new IMPROVED Ore reserve should be released with the June 2012-anticipated DFS".
**Refernce - 13/10/11 & 30/10/07 Anns

Happy to be corrected :). ALl just IMO
Kiddo