Announcing on Friday afternoon. Usually means bad news, but this was actually good news. It shows production is increasing with 60 tonnes.
Two ore sorters are working well with 42,000t for the month. On target to double last quarters production and the recoveries remain high (the real secret).
There are still very few reliable Western producers in the world and Mt Carbine has the ability to increase production by a significant amount in the coming years with plenty of tungsten still to be found (only drilled 3 of 50 targets).
The Qld Minister's visit is no accident. So hopefully there is further assistance and recognition, especially on the back of the Commonwealth Grant.
We should get an updated NPV this month after the recent drilling program.
Patience is a virtue!
EQR Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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