Welcome back Rob...I've missed your positive outlook on EQR.You...

Welcome back Rob...I've missed your positive outlook on EQR.

You do provide some food for thought though, such as, where did you learn math?

I tried to reconcile your comment on interest "an extra 3% interest would cost about $500 per week" but I can't.

Maybe I am using the wrong numbers but based on Scottm $4.8m (70% financed) so $3.36m? 3% more interest on that figure is over $100,000pa so closer to $2,000 per week? Even allowing for amortisation its above $1,500.

Maybe you averaged over the full term. (still incorrect by the way)

Anyway, if you would care to elaborate I'd love to see your workings on the quarry / treatment loosing $175k per week.

( I had trouble working out the one-off costs to get a truly accurate number on how much EQR is "loosing")

With any luck our pathetic management will one day live up to your lofty standards. After all, no other mining company has experienced delays due to covid, supply line interruptions, and cost increases...have they?

Held & HAPPY

Take all comments (including this one) with a grain of salt

DYOR