Tungsten industry is littered with failed companies. It's almost...

Tungsten industry is littered with failed companies. It's almost impossible to succeed without state support.

That being said EQR have been able to make good progress on relatively thin budgets and if macro conditions finally lead to a significant increase in the price of Tungsten they might be able to buck the trend.

Chances of success? I dunno but this management team have always hustled and keep progressing the operation forward and I'd love to see the company establish itself as a long term profitable operation.