EQR eq resources limited

Ann: Mt Carbine Hits Bonanza Grades Under Open Pit, page-154

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    Prefer the fundamental approach rather than technical, but if the tech works then happy to be on board. We should be getting updates in the coming weeks/months that should provide most of the answers.

    A good announcement by KIS today, however they are still $20m short of what they need to start the project. Their PFS said $72m initially and another $47m to go underground. Given they have given the 1st mortgage to the current funders, the balance may have to come from equity raising.
 
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