The comparison between the two couldn't be more stark! (pun...

The comparison between the two couldn't be more stark! (pun intended) based on today's announcements.

EQR signs an offtake agreement for $30m over 5 years with $2m upfront and an options agreement with a wholly owned US tungsten player who provides tungsten to the US Defense industry (plus aerospace, medical and semi-conductors). They want to secure Western supply with the fastest growing producer. The options agreement has been set at more than 120% of the current price within 2 years.

G6M had debt maturing end of month and updated the market by saying they borrowed another bridging loan of $4m at 12% from existing lenders and moved the debt maturity a couple more months to November. A cost reduction exercise in removing to big trucks and an excavator. The recoveries are the problem and always has been.