These money guys will screw investors . They bought a problem and are tipping more in to get out of it with there shirts still on. They can't profitably mine the stuff without a huge price increase and as I've always said .....wait till they go underground and they will find out how hard it is to chase the veins profitably . Grabbibg an extra 20% off the table to buy downstream processing ain't worth it. I've been around mining sites all my life and have worked with Tungeston before it's a very hard ask to do it profitably,the Chinese are the only ones to do it . The old boss( Kevin) talked about EQR having a farming philosophy towards expansion over time( this was in an earlier corporate video) what's unwinding here couldn't be further from this. We have a huge wage bill now with all these suits and experts at the helm . It's only a $120 million dollar cap company for Christs sake!
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