Tpcs, Thank you for your post. I am frustrated with the delays...

Tpcs,

Thank you for your post.
I am frustrated with the delays as all shareholders.

I think we must remember the following points.
CNQ Board are committed to no dilution.
Mits $15 Mil USA is a LOAN no dilution.
Mits would be approving all ASX announcements and therefore MITS would have approved the MAY commitment not just CNQ.
CNQ have stated in many of there announcements the objective is to fund the total project and Mits are fully aware of this.
CNQ are talking to "NEW YORK" investors.
Mits are only taking a percentage of production from the open pit.
The total Capex is around $50 Mil. (The $15 Mil Loan has an 18Month payback so the figures seem to be robust.)
With China's dominance of the tungsten market Japan/USA are looking for continuity of supply.
If you get a few minutes read the "Trade Show" post
It has been suggested Mt Carbine has a 20 to 40 year mine life.
Mt carbine is reopening an existing mine with a sealed road and infrastructure very close.
The CEO has invested $750K of his own money into CNQ.

Imagine the share price if CNQ announce a fully funded project sales in 12 month with no dilution to shareholders. Clearly delaying is for the best possible deal. If it were not possible CNQ would have accepted the Mits money.
The top 20 would be leading on the Directors.

I am frustrated after 5 years but don't forget the market has pushed the share price up app 80% and the top 20 are not selling.

Thanks again for your post I can understand.
I will post after the next announcement.

Please DYOR and reread the announcements.