Just for the record. EQR has an estimated payback period of less than 1 year which would suggest a dividend is more likely in the coming years as opposed to a 5.5 year for G6M.
The point Plonka and Gopher have been trying to make on the G6M site is management have been less than transparent given a blow out in cost of $50m since Nov & the economics of the project have changed. We have been hearing stories about King Island for some time (small industry) and if you look back we have been flagging some of these, but the tendency is to shoot the messenger rather than ask management.
It's vital for the tungsten industry and the investment community to have more than one successful tungsten mine in Australia as it lifts the profile to the broader community, especially if Australia becomes the 2nd largest producer behind China.
Just for the record. EQR has an estimated payback period of less...
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