The company can only deliver on production and deals. This announcement gives higher production and more importantly higher recoveries. That what Kevin told Oaktree he could do. Recoveries up from 38% to 61% and growing. I think its safe to assume that Saloro is cashflow positive.
The Elmet deal cements our access to the US. While there is talk of other players, they haven't delivered yet. Whereas we have product on the ground.
UK broker - Andrew Monk from VSA Capital visited Saloro after the International Tungsten conference. He did a sound cloud piece on EQR as part of his broker morning call. He was very impressed and a mile in from of Tungsten west. He said EQR management is making it happen with two mines whereas most others have been struggling. You can access it via his twitter account.
The SP is the secondary market between buyers and sellers. At some point it will break. This company is alot more than $100m.
Ann: Elmet agreement executed / Saloro record monthly production, page-8
Add to My Watchlist
What is My Watchlist?
