8 tonnes per day = $160/- + per day11.1 tonnes per day = $222/-...

8 tonnes per day = $160/- + per day
11.1 tonnes per day = $222/- per day
Recovery rate >85%

These numbers basically cover the months of July and August which is only 2 months into the production ramp up
I dont think this is to be sneezed at at all

Lets say we average about10 tonne per day during Sept i.e. 300 for the month will give us $6M+ in the bank (perhaps more with falling USD)

I can tell you one thing for certain - Oaktree, our new substanttial shareholder and their Director, will be delighted to see this amount of cash flowing into the bank account so early in the ramp up (and this of course doesnt include Spain).

Oaktree will be focussed on the cash flow NOT the share price because they are in for the long game and they are now a big part of the biggest Western tungsten producer in the world.

Do like Oaktree is doing, stick around for the long game - when the tungsten shortage really starts to bite (and it will), the APT price starts to climb and everyone is running around asking how they can get exposure to tungsten, the first name on everyones list, who will be ramping production up through two mines, will be EQ Resources

PS Dont know why anyone would be worried about in-the-money options as that is cash in the bank