Directors putting in $500,000 of their own money is a good sign.
I will repost a bit of a recap by @scottm on the other announcement thread:
" Quick look at the presentation. A couple of things to note. 1. Targeted production cost below US$100mtu. This means the project is at the low end of the cost curve and profitable at current price. As opposed to a few others who need a higher price. 2. Referring the tungsten cluster (again). This is an ongoing theme. Maybe something bigger is possible. 3. More specifics regarding the King Veins (even have names for them). The grades are high which means they can change the deposit from being a low grade to a high grade (without digging up the whole deposit). 4. They had more offers for $ than they needed which is a positive sign. 5. Money being raised for plant & equipment (production improvements), drilling (resource extension) and PFS (finalising the value and funding). All of this is going in the right direction."
EQR Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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