EQR eq resources limited

Morgans Initiate Coverage, page-3

  1. 1,355 Posts.
    lightbulb Created with Sketch. 228
    I particularly like this part.....

    " Robust Bankable Feasibility Study with low cost production
    The BFS evaluated 14-years of tungsten concentrate production with C1 cash costs of
    US$118.mtu of APT, which is currently selling at US$325/mtu. Current production
    informs cost projections. The projected payback period is 1.5 years. "

    And with the current drill program there will be more resource to come, very likely a higher grade as they go deeper, and a much longer LOM
    Next milestones to be announced.....
    Permit to mine
    Assay results of current drilling
    Andy White pit drained
    (not necessarily in that order)

    Open pit or underground ?

    And then its into it "flat out"



 
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