So we are looking at 11000tonnes contained equivalent mtus of concentrate. Quick calculation would give us 11000x.75 (75% extraction is more like 80% for EQR but for now 75% is what we will use.) =8250. If we divide that by .63 to get to a 63% concentrate =13095tonnes of concentrate. Based on the current mine plan 2022=1020 tonnes concentrate 2023=3020 tonnes concentrate 2024=5040 tonnes concentrate 2025=8020 tonnes concentrate
1020+3020+5040=9080+1/2 of year 2025=9080+4010=13090. So based on this it would seem that by mid 2025 if EQR is suffering due to the offtake agreement with Cronimet they can go on their own to sell the offtake. I would imagine the relationship between EQR and Cronimet will be a long term beneficial partnership for both parties so will stand the test of time. But who knows. Western governments may be chasing Tungsten direct from western sources at premiums due to its importance so perhaps EQR will get an offer they couldn't refuse in regard to off take post 2025.
EQR Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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