Hi Jeffro, Hopefully this is the last, at least the last to keep the lights on. I think most would of thought the last one was the last. The change in government resulting in the delay of the $6mil AUD grant and no doubt the ever increasing costs of all things in the mining industry are the primary drivers for this capital raise. I took the opportunity to top up again at 4.2c which I didn't think I would get another chance at.
With the recent announcement of the $10million sale of a 3% royalty I hope that EQR will have enough funds to cover production costs, exploration and continue to build production capacity until the open cut ore starts feeding the plant and we have profits to build the company off of not capital raisings/borrowings.
The new BFS should be out in weeks (EQR have been saying in a matter of weeks for many months now so it must/should be soon). I welcome your review and comments on the new BFS when it is released as I know you are knowledgeable on the Dolphin project so it would be great to hear your thoughts/issues on Mt Carbines latest update when it arrives.
EQR Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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