III listed on the ASX in June 2006. Its flagship project is the historic Mt Carbine tungsten
deposit in QLD. It also has a portfolio of diversified exploration tenements in eastern Australia.
Mt Carbine (W, QLD, 100%): 120km from Cairns
III had forecast annual net cash flow at Mt Carbine of ~A$15m, assuming WO3
US$200/mtu and exchange rate of AUD/US0.86, for a 13 year operation
Current Market cap 6 million,scoping study due.
DYOR
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