Great post Gopherbroke; the key component for best value for...

Great post Gopherbroke; the key component for best value for Shareholders is indeed the quality of the Management. We have seen a clear timeline projection being met consistently.

The debt level for EQR is going to be minimal c.w rival Australian tungsten wannabes. As Scottm alluded to with G6M, the debt levels that will need to be serviced can be astronomical. In the last Qrtly Report from G6M I noted over $43M in debt, loans, finance at interest rates for some exceeding 8%.

EQR is producing (increasing) income from two sources (tungsten and quarry) which is allowing the Company to manage its expansion programme with considerable less reliance on debt. When G6M (eventually) begins producing it will be focused on repaying an enormous debt load that (imho) will constrain any potential return to Shareholders (for years). EQR will not have that issue, which is a reflection on the different Management approach EQR has taken.

Smaller, easily funded, manageable expansion targets are progressing this Company to a world-class Tungsten Producer at a time when prices are on the rise -what's not to like?!