We are very fortunate to be in such esteemed and strategic...

We are very fortunate to be in such esteemed and strategic company as;

Cronimet holder of 131M shares
Oaktree Capital 62% owned by Brookfield and holder of 15% of EQR
Masan Hi-Tech technical alliance under an MOU and largest diversified tungsten company in the world

These guys have their collective eyes on the big picture - a picture of global expansion including tungsten clusters in both FNQ and Spain (as announced in their latest presentation).

We already have two thirds of the FNQ cluster and it seems quite certain that Watershed will complete that cluster at some point by some arrangement (Note: I'm certain the Qld Govt would be very happy with this outcome).

In Spain, we have only Saloro (which, by the way is doing very well) but the Iberian peninsula has a number of disused or unworked mines and their geology and metallurgy is quite similar - so its anyones guess as to which mines will become members of the cluster.

Suffice to say, whilst many readers bicker about micro issues (including non holders), our esteemed and strategic partners are deliberating over the much more important macro picture.

Masan are huge and they need to shore up supply lines to maintain their diversified status and be able to deliver product into the likes of Nyobolt and many others.

Oaktree got a bit caught up in Ormonde who failed them but they, along with Masan and Cronimet are backing the team at EQR to deliver and everything is one track for this to happen with what they are currently focussed on - Mt Carbine and Saloro.

Saloro has just got their new Xray ore sorter in place and the new year (c mid Jan) will see the delivery of the Sandvik crusher at Mt Carbine which will pulverise throughput with its eyes closed.

This is what small to medium instos need to understand - Oaktree and Cronimet have backed their judgement with a premium to market 9 cent entry price which is still inside broker valuations of c 15 cents.

THIS STOCK SHOULD BE A GREAT ENTRY LEVEL FOR INSTOS AT CURRENT PRICE

Sustained and responsible market execution could see them (or anyone else for that matter) build up a respectable position in readiness for a great new year.

Dont get caught up in minutae about missed deadlines etc - look at the big picture, because thats what really matters