Over 10,000 tonnes at .3%. That’s 30t contained tungsten in ore to produce 5.5t of tungsten in concentrate. By my calculations that is a ~18% recovery rate. I know it’s a new plant ramping up, but it’s a 100m+ state of the art plant, I expected a starting basis for fine tuning a lot closer to the planned 78%. Unlike EQR who ramped up at a (sometimes frustratingly) slow pace G6M are going to be burning through cash from the start. They are paying nearly twice the cost of power, have a strip ratio nearly 4 times higher, no X-ray sorters removing ~90% of ore as waste, no quarry on the side and have a fifo roster and camp to maintain.
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Over 10,000 tonnes at .3%. That’s 30t contained tungsten in ore...
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $93.69M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.3¢ | $13.51K | 393.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29706 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14706 | 0.034 |
7 | 1180585 | 0.033 |
3 | 313750 | 0.032 |
2 | 508000 | 0.031 |
4 | 786699 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 150000 | 1 |
0.037 | 26315 | 1 |
0.038 | 275640 | 2 |
0.039 | 1110000 | 3 |
0.040 | 445847 | 1 |
Last trade - 15.17pm 20/06/2025 (20 minute delay) ? |
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EQR (ASX) Chart |