Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-123

Hi pickamonkey TGN are acquiring tungsten assets getting them ready with $42,000,000 in cash and owning long leases on their mine,they are in no hurry to produce at this time.As for GWR they are selling there tungsten mine for $8,680,000 they are smart enough to take over $7,000,000 in profit after only owning the mine for 1 year.That is smart business and they do have the money to develop the mine if they wanted.But they are developing their gold mine instead with the good gold price. GWR have 3 projects with a crashing Lithium market a falling Tungsten price and they have no money with no clear direction from management.While TGN and GWR have clear direction and good management.CHEERS