Another quarter gone. EQR had a pretty solid one, $21m of cash...

Another quarter gone. EQR had a pretty solid one, $21m of cash receipts, cash flow positive from operations and lots to look forward to. G6M went into a suspension and are still awaiting a solution to their financial situation. G6Ms process plant went backwards producing less than last quarter even though the average grade of the ore increased by a whopping 50% quarter on quarter. Recovery is the killer at 42%. At an average of 0.88% that means that the waste ore is still @0.51%. Meanwhile EQRs Saloro is happily taking .06% ore, putting it through the XRT sorter and increasing the overall feed grade into the plant. Kevin hopes to get Saloro up to 71% recovery consistently.

G6Ms future is unknown. EQR is about to get the first $12m of the QIC $20m. The next quarter should be even better for EQR.

-Higher Tungsten price

-Mt Carbine hitting higher grade ore

-Mt Carbine running as owner operator for 100% of the quarter

-Continued Saloro upgrades increasing efficiencies

-Previous Saloro upgrades running for 100% of the quarter

-Assuming less down time for Saloro future upgrades than last quarter

Last we were told that the doubling of capacity at Mt Carbine would happen at the end of this year. That will no doubt hit production uptime. However once the doubling has occurred the plant will be able to handle it. Why was there no mention of this in the quarterly? Has it been delayed?