Just on the Sandvik wet screens - Feb 2022 instal is great timing for the wet season - these screen will assist in greater throughout, improved output and with the reduced moisture in the air, will be "kinder" on the plant and machinery The wet season is a difficult time for operations in FNQ but EQR are blessed with a hard rock environment which is conducive to continued operations The quarry in particular can operate throughout and indeed, once the wet season is over, their materials are usually in greater demand for repairing infrastructure damaged during the wet.
The tungsten price, I believe, has only one way to go and that is up - USA and Europe have placed greater emphasis in the sourcing of minerals from countries with more responsible sustainability programs and human rights issues. USA in particular have sanctions currently in place against provision of critical minerals from foreign adversaries (China, Russia). The EU currently imports 75% to 100% of its metals and is looking for more "humane and sustainable" sources. Current APT price, whilst high at present, is still a little bit tempered by reduced car manufacturing - but that cycle will turn.
Kevin, Oliver and team have done a great job in positioning this company exactly where it needs to be at a great time. Now officially in the Federal Govt funding crosshairs, (and perhaps even Qld), I couldnt agree more with Kevin when he describes this project as "riskless"
EQR Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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