Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-61

Hello our friendly little troll. I am fully aware of EQR having missed the mark between stated goals and actual in regard to Mt Carbine and some what Saloro. Having said that I still believe that EQR will turn it around and make myself (and hopefully all shareholders) a profit in the near future. As most know Tungsten is a hard mineral to mine. But given its importance and the current state of the world it's use will not be disappearing anytime soon and i expect western countries will be throwing money to keep things alive/progressing if needed. It could turn real nasty if China wants to play that game.

Considering the current EQR entity started with simply processing a low grade stock pile and is now the biggest producer of tungsten in the western world they have got a few things right. 2 steps forward 1 step back. It has been a long 5 years and I definitely expected the share price to be multiples of where it is today.

Almonty has been losing money every quarter for the last 5?? years. Their financial reports clearly show this. Feel free to post some Almonty reports showing free cash flow. "they were able to raise the fund needed to get Sandong into production" ....Really?? I expect they will be back for more in the next few months.

Rob you obviously are across tungsten miners and keep up to date with a range of companies. When do you expect to take a position in a Tungsten miner? I know you took a small risk vs reward play on G6M but do you intend to take a position in a Tungsten company at some point if the stars align? And if so who is at the top of your list? Almonty? I made a post over on the AII threads stating my opinion on the value proposition there, Do you agree or disagree with that?

All the best mate.