Ann: Strong BFS Update Delivers 47% Increase In NPV, page-5

Nice Info Gopher. Lets hope over the next few years we will have a few more BFS updates and The underground info added.

Attributable to EQR
Nov 2022- $173m
May 2023- $270m

This is pretty major. And a good move in my mind.
"BFS Update enhanced by recently announced 43% increase in open cut Ore Reserves upgrade, and doubling of plant capacity from 2025, resulting in a 25% higher tungsten concentrate (50% WO3 content) output, and over a shorter period (due to doubling capacity), thus bringing revenue forward."


"Low capital cost of $21.4 million has been further optimised to $18.5m" This is also amazing given the market.

worth noting todays NPV is using an inflated MTU value for years 2024-2040 of US $369. With any luck it will be at $400+ in the next 12-18months.