Nice little vid on linkedin of ore crushing in progress. 4c crazy imo. 151m NPV today, ???m NPV tomorrow.
In regard to the quarry I would expect with the increase of fuel/electricity/other costs and inflation in general other stand alone quarries will be increasing costs to customers to keep profitable. I am not sure how much competition there is regarding quarries in FNQ but I imagine EQR is in a very enviable position with their waste ore being pretty much a saleable product and most of the increased processing costs being attributable to the mine. Hopefully they can win more contracts and increase their quarry profits off the back of being better value than peers.
EQR Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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