eqh in the australian

From Pure Speculation in The Australian:

Mining looks bleak as new listings disappear
But there's always the next Great Idea. Investors certainly thought they'd heard one on Wednesday, pushing up by 46.6 per cent the shares of Equamineral Holdings (EQH), which can be contacted through phone numbers in Brazzaville (Republic of Congo) or London, or a PO box in the British Virgin Islands.

The company was plodding along with iron ore in Congo-Brazzaville but last week unveiled its acquisition of "one of the largest undeveloped hard rock tin projects in the world".

Now, as regular readers will know, Pure Speculation has never heard a tin story it didn't like.

The EQH project does have one advantage: it is in the Czech Republic. It is this writer's view that, given the importance being placed by the European Commission on critical metals security, this is one of the places to be producing. The project also contains tungsten and lithium, both dear to Brussels' heart (plus rubidium, scandium, niobium and tantalum: be still our beating hearts).

The Cinovec project has 103,970 tonnes of contained tin, a resource estimate based on exploration in the 1970s and 80s when what was then Czechoslovakia was behind the Iron Curtain.

The company says 400,000 tonnes of ore have been mined during trials, which increases confidence, and it sees Cinovec coming on stream just as the world's biggest tin mine, San Rafael in Peru, faces resource exhaustion in 2017. That assumes all goes to plan, of course; not always a wise assumption in the junior sector.