Key events to be announced. (Share price building announcements)...

Key events to be announced. (Share price building announcements)

Filling the Balance of the 37% of the capital raising. Total raised just under $7 Million after expenses. Therefore removing the share price pressure of 35.5 Million share shortfall at $0.075.

Conformation of tailing processing plant purchase. (Hopefully with costing.).

Plant in transit to Mt Carbine.

Estimate of site commission costs.

Drilling at Mt Carbine to expand resource.

Critical line path to production.

Initial start up and Tailing processing.

Off take agreement.

First Tungsten Sale.

Detail of expenditure under budget (2nd Hand plant).

I am confident the Sept Qtr update & Cashflow due late October will give us a clear indication of the progress and expenditure.

Note we are reopening on existing mine with 95% of approvals in place.

The capital raising was for.
Rights issue anticipated expenditure.
$4,348,000. Construction of Tailings Processing Plant
$1.000,000. Exploration drilling at Mt Carbine 7 Tara.
$1,000,000. Feasibility Study for low grade stockpiles. $640,000.

Do Not Forget.
Presentation dated 22 Feb 2011.
Tailings Production 50t/mth EBITDA $5M/Yr Capex $4Mil 2 Years mine Life.
Stockpiles 2012 100t/Mth 15M/yr Capes $20M 5 years Plus.
Total Capex of $24 Mil and an EBITDA of $85Mil over the 7 Years.

Presentation dated 20 June 2011.
Tailings Anticipated revenue $5 to $9 Mil per year mine life 2 years. (Capex $4Mil)

Seems like all Shareholders are sitting back enjoying the as we will be Cash flow positive after Xmas.

Please DYOR.