The underground is very exciting. With todays update the current plan produces a total of 38,570 tonnes of 50% concentrate. Applying the same 80% loss in processing to the previous underground resource used for the underground scoping study (before any of the recent drill results such as 18.24m @ 1.00% WO3* from 387.25m, including 5.51m @ 3.20% WO3* from 387.25m (see hole EQ030)) in April 2022 you get a total of 39,648 tonnes of concentrate. More than the total current plan again. Doesn't mean a lot now given we do not have the underground capex or opex. But given the company has stated that the already existing underground decline is situated well and is worth over $20m dollars and the process plant will already exist I would hope the underground costs will not be anything too crazy. Main point is there is a lot more to EQR than todays great announcement and numbers.
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