Welcome BraveNewWorld, If you want further details around the current production plans the full BFS is available on EQ resources website. There is a lot of info in there.
To highlight a few of the areas that are worth looking into if you are considering investing:
-Quarry use of waste rock (ESG/$$) -Xray Sorters (90% of the feed stock is barren and is sent straight to the Quarry. The other 10% goes into the processing plant greatly increasing the grade of feed and removing 90% of tonnes to be processed). -All off take is taken by JV partner -Funding complete and been in production for over 12 months so is very derisked in current state. -BFS was only done on 14.4% of known resource. -Huge exploration potential -Huge MA opportunities in the future as there are other tungsten resources close by with out any activity. -the Low grade stock pile is already mined and ready for processing (very low opex) -JV with Cronimet only includes the LGS not the open pit/underground that is 100% EQRs -Product has been delivered to customers for over 12 months and they are happy with it. (One customer just fronted up with 4.2mil AUD for the build via Cronimet with an offtake prepayment) (That is confidence in our product!) -Capex ~22mil - Management team have shareholder value front of mind when making decisions/plans.
EQR Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
