No doubt whatsoever there is a big picture coming into focus -...

No doubt whatsoever there is a big picture coming into focus - the big boys are getting together for a big tungsten play

To quote Kevin from todays presentation:

“…continuing to look at other acquisitions in particular...”
.

“..to position ourselves as the premier vertically integrated tungsten company over the next 3 to 5 years”

There are not many opportunities out there for a vertical integration solution - DYOR on that one - you'll see

In terms of production - seems like they may be a bit shy of 1000 tonnes for the quarter but steadily and gradually improving on that... the Sandvik crusher equipment and more ore sorters will see this convert to a steep increase very quickly

With careful monitoring of their throughput statistics, they know where the chokepoints are and they close that gap in short time.

They are problem solvers !

Shareholder focus should not be on nitpicking details, but on the fact that intense and in-depth due diligence has already been done by Cronimet and Oaktree, and is still ongoing with their involvement, and they are prepared to be in at a premium for that involvement.

EQ's tungsten play is showing all the hallmark's of being perfect timing

As Kevin said today, they are in discussions " ..with another operation in Europe..." - there can be no doubt that there will also be a very serious amount of DD being conducted by that other party (whoever they are, and whatever their mine) and the likelihood will be that should the deal proceed, they also will be in at a premium to current share price - if they didnt, Oaktree and Cronimet would justifiably be really pissed off.

Why would they participate at a premium when the share price is so low ? Because they will know the inherent value in the project, they will have a high level of confidence in managements ability to deliver and they will want to participate in the benefits of a rising tungsten market which some say could have "lithium-esque" qualities, due to such severe shortage of supply coupled with rising demand.

They will also know that current share price is no reflection of the company itself at the moment but rather a reflection of the economy - they know value when they see it, and a premium entry price for them is still reflective of a great opportunity to get a solid position at a great time, not just in the timeline of the company but also on the back of a rising tungsten price.