funding package complete, page-19

Schlomo, good call, however the concensus amongst the "experts" is that moly/tungsten reserves are depleting worldwide, and the major producer i.e. the Chinese have affectivley placed a ban on exports and are activley accepting imports.

That is where the product from QOL is going, as we speak, and the Chinese have got an off take arrangement for QOL first year of production. So basically the product has been paid for.

Little is known of Moly/Tungsten in the broader sense. It is not reported as is Copper or Nickel or Zinc or Lead, however Moly/Tungsten are very valuable resources given the remoteness of their availabilty.

Maybe some of the posters on this site aren't aware of the applications of Tungsten, but one of the major users of this resource is the oil industry who rely on Tungsten to harden up the drill bits so that they may be able to drill deeper to gain access to another depleting resource. Also Tungsten is used to "harden up" compressors in aircraft jet engines. And that is by no means the end of the application of Moly/Tungsten.

I would be quite happy to see many more so called investors quit QOL for the simple fact that I WILL be able to continue to pick up shares at a bargain price