If you don’t mind, what is your share price estimate short term?

First 20 Last

Share
Profile

Follow
michaelhaley

2,702 Posts.

378

09/08/22

20:01

Post #: 63018643
Share

Originally posted by scottm: ↑

thanks Plonka.

I've resisted the conspiracy theories previously but this morning the seller (1 or 2) arrived just before the webinar started and pushed the stock down. Who would sell just before a webinar starts to tell about more resource being found? .

This has happen a few times in the past which is extremely frustrating and disheartening for Kevin who has busted his arse to build and fix the processing of the tungsten. Unfortunately, same old story of not enough buying interest. I put on another bid!

Moving to the positive.

The BFS update will have more tungsten & more $. Overall the grade will be lower which isn't an issue because 1) they can use the ore sorters (not all projects can use ore sorters) & 2) they were already mining the waste now they are extracting more tungsten which should lower the opex per mtu.
3) New resource from Dyke West being added into BFS (but not until decision regarding open pit or underground).
4) More identified drilling sites which should mean this project has many years and decades of production.

So at current market cap of $61m, based on 4.7c trading at 46.5% of NPV of $131m.

We know the NPV is moving higher (its a case of how far), guessing between $200m and $250m. This means we are trading at 30% of NPV at $200m and 24% of NPV at $250m and more to come over time.

Not a lot of downside risk.

Patience is a virtue

Expand

If you don’t mind, what is your share price estimate short term?

EQR Price at posting: 4.7¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

MTS

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

SPN

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

CKF

Profits after tax down -88%, and shares rocket – what's going on with Collins?

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

First 20 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 3.5¢		Change 0.001(2.94%)		Mkt cap ! $90.01M

Open	High	Low	Value	Volume
3.4¢	3.5¢	3.3¢	$33.33K	973.3K

Buyers (Bids)

No.	Vol.	Price($)
1	25202	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	646291	6

View Market Depth

No.	Vol.	Price($)
1	25202	0.034
3	1334581	0.033
6	689320	0.032
4	629373	0.031
4	768333	0.030

Price($)	Vol.	No.
0.036	646291	6
0.037	432037	4
0.038	675640	4
0.039	900000	3
0.040	445847	1

Last trade - 14.50pm 24/06/2025 (20 minute delay)

EQR (ASX) Chart

If you don’t mind, what is your share price estimate short term?

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Profits after tax down -88%, and shares rocket – what's going on with Collins?

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

If you don’t mind, what is your share price estimate short term?

Top Stories

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Profits after tax down -88%, and shares rocket – what's going on with Collins?

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News