Also, don't forget the 2.2m @1% from the underground scoping.
They are going to have access to at least 500k tonnes per year to put the processing plant, which will generate the $80 to $120m per year.
The NPV and value will climb as they increase the confidence of the deposit.
Unfortunately the price isn't moving but I think that's because not many know or understand the story and not alot of other successful tungsten players in the market. I think it will be a steady climb as each piece of news builds a bigger picture.
EQR Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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