The drill program looks solid. A lot of metres. EQR putting the $25Mill from Oak Tree to work. I expect a huge return in NPV off the cost of the $2.88m for this drill campaign. Sure a lot of money has already gone into these areas and the underground studies. But these drill results will be all zero to very low capex for the open pit increases and for the underground they will enable the BFS and its associated NPV to come to fruition. EQR have been pretty good putting out drill results in a timely fashion. It would be great to get 2 drill result announcements/updates each quarter. On top of that I expect we can start to see resource upgrades late 2024 and 2025. In the pod cast Kevin mentioned the impending demand increase for tungsten globally.
EQR Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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