tungsten mitsubishi technical due diligence ok, page-17

Tpcs,

Thank you for your post.

With the amount and Time & Due Diligence and Mitsubishi’s world wide credibility the project will not fail.

CNQ has already advised the project has an 18 Month pay back with a Capex of around $45/$55 Mil and CNQ current market cap of $16.0 Mil .
Considering your argument if the $45/$55 million capex is debt funded that’s is over 3 times the current market cap so Mitsubishi would own the company.

The current $1.0 Million USD Loan has NO Shareholder DILUTION.

It will be interesting to see the financing package.

But with respect its worth noting that Mitsubishi lending $1.0Mil USD calculates to a share price of around $0.15 Aust Dollars, which gives CNQ a market cap of $43 Million.

As we would both expect once the project is fully funded subject to many many variables the share price would be a lot higher and CNQ Shareholders will still own the company.

Interesting Debate.

Time will tell.

Please DYOR.