tungsten producer next key announcements

Darryle,

I apologise for not posting but I found the negative posts disappointing.

Delighted you went to the AGM and I believe since Jim Morgan joined CNQ in April on a shoestring he has turned CNQ into a tungsten producer. In my discussions with Jim I have gained the impression he knows were he is going but is conservative with commitments and understandably will not announce key milestones without the facts. (A Quite Achiever.)

Fortunately or unfortunately “Hot Copper” micromanagers and CNQ management have there own style.

That being said I see over the next few weeks the following.

1. Next container.
2. Tailings plant output.
3. Cash Flow positive. (Profitable)
4. Estimated cash flow
5. Detailing who has signed the letter of intent for 50% of the $54 Mil. (My Punt is Mitsubishi)
6. Funding plan for the balance of the 50% (Whole project has an18 Months payback) The Directors have stated they plan to limit any shareholder dilution.

When the top 4 are announced, we have a profitable Tungsten slurry producer and start to see a further rerating. I think liquidity could be an issue.

I am in for the long hall but once some of the above milestones are confirmed CNQ would have to be vulnerable.

Sit back and enjoy the ride.

Please DYOR.