Extract from the Quarterly. Announcement Dated 30 April.“Based...

Extract from the Quarterly. Announcement Dated 30 April.

“Based upon the results obtained from prior successful metallurgical test work Carbine has installed wet high intensity magnetic separation (“WHIMS”) pilot equipment at its Mt Carbine Tailings Treatment Plant as part of that operation’s ongoing program of research and development improvements.”

R & D Tax Offset $2,232,000 Received in 1st Qtr. (Per Cash Flow)

On the 25 April Amok (Thank You) posted the following Informative “independent report”
Link,
http://www.theaureport.com/pub/co/6063#quote

I was spectacle when the above report suggests CNQ was profitable. But clearly from CNQ’s R & D activities it has delivered substantial overhead recovery and lifting the cash.
Lets hope the modifications as suggested above will lift output/sales.

I would expect Mitsubishi are hands maybe driving these groundbreaking developments and hopefully the technology can be sold to other tungsten producers.

This shows creative thinking by management.

Amok where are you?

Please DYOR.