EQR eq resources limited
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Ann: EQR acquires Tungsten Producer and Secures $25M Funding, page-58

  1. gomer08
    324 Posts.
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    10/08/23
    15:39
    Post #: 69272683
    Dont be so nieve to think that EQR hasnt done a full DD on this. The previous mine owners didnt have the Tomra technology and so were burning cash as couldn't get the grades up. Given there is one on site now and a 2nd one in the pipeline, EQR must have been able to improve the grade going through the plant which would have increased the cash flow to a profitable amount.

    Kevin & Crominet are not stupid, they know there shit and I would be exstreamly confident that they did this knowing it will be very profitable for the shareholders.
    EQR Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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