Ann: 33% Increase in Dolphin Project Underground , page-10

re: Ann: 33% Increase in Dolphin Project Unde... I agree KIS looks cheap given its market cap of around 13M compared to most other tungsten wannabe producers. But when it comes to the "key investor" you keep talking about you have to assess the situation looking through this investor's glasses. Any investor looking to support a junior can choose from a variety of companies. There are several who plan to be in production by 2014.

Ahead of the pack are three smaller producers, i.e. Largo Resources (LGO.V) with thier Currais Novos project in Brazil, Deutsche Rohstoff AG with their northern Queensland projects, and Carbine Tungsten (CNQ.AX). Largo sold their first batch of concentrate two weeks ago, DRAG is currently ramping up production at Wolfram Camp with first sales scheduled for January 2012, and Carbine recently announced a two months delay, now planning to be in production by mid February 2012.

The first followers are King Island Scheelite (KIS.AX) and Woulfe Mining (WOF.V), assuming they can deliver on their plan to be in production by early 2013.

Then there are Ormonde (ORM.L) and Hazelwood (HAZ.AX) who announced plans to be in production later in 2013.

And for 2014 there are Geodex/Northcliff (GXM.V/NCF.V) with their 30/70 Joint Venture, Vital (VML.AX) / JOGMEC (70/30), Adex Mining (ADE.V) and Playfair (PLY.V).

So any "key investor" has to figure out which one is going to delive the best returns in the LONG TERM. So it is any tungsten investor's home work to assess all of these companies in order to get the full picture. The KIS feasibility study help getting a clearer picture of where KIS ranks in this list.