EQR eq resources limited

Ann: EQR Secures Approval to Produce up to 1million tonnes a year, page-8

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    Tungsten price again has a slight rise, now $270-$275mtu.

    The increasing volume from the stockpile should lift the tungsten production which will go very nicely with the price rise. While others maybe talking about production we have product going to end users. Tungsten is different to other commodities in that, not all tungsten is the same and the buyers need to test the product. This is what Cronimet are doing and why Mitsubishi spent many years on this deposit. Mits changed their minds after management changes in Japan after the diesel engine fiasco.
 
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