EQR eq resources limited

Ann: EQR Begins Grade Control Drilling Ahead of Open Pit Restart, page-2

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    Drilling in the pit to target some high grade veins. This should give an initial boast to cashflow as they are ramping up production.

    The new shaker tables are going in allowing more capacity.

    They also mentioned an updated BFS is imminent.

    Any guesses as to the new NPV? I reckon it will be around $300m as it still won't include any of the underground (scoping study level). Most of the recent resource upgrade (Iron Duke and Dyke West) was underground resource. Therefore, the BFS is still likely to be only 15% of the KNOWN RESOURCE.

 
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