Carbine Tungsten (CNQ) has started to deliver from a share price perspective over the last 12 months with a very nice gain of 160%. Started at 5c, closed at 13c. Those that follow the company know there is a lot more value to come which should mean 2015 is as profitable as 2014. They just need to get the funding partner(s) in place (whomever it is,- mitsubishi and/or one of the other two multinationals).
The price performance has been pretty remarkable given the collapse in commodity prices and lack of interest in junior mining companies. CNQ seems to be well placed with lack of non Chinese/ Russian supply of tungsten (at a time when military sending is increasing). A letter from Mitsubishi proving the "due diligience" of the mine. Falling AUD which will help the sale price of tungsten and likely falling capex and opex as mining input costs are dropping and likelihood of increased reserves and profitable use of by product. Here's hoping that 2015 is as good as 2014. Happy New Year.
CNQ Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
