Ann: Mt Carbine - More High Grade Intercepts, page-8

Goedy,

Thanks for your observations. Yes, there are speculative stocks that run hot on a JORC announcement. The thing is, as you would know, each stock has its peculiar characteristics which effect the influence that such announcements has on the share price. Tungsten is a different ball game to copper. Ostensibly, EQR has not had the best history from transitioning from explorer to producer. As such, from my viewpoint, given the company dynamics, the market's sentiment is narrowly fixed to EQR's production of tungsten in a full time and profitable business model.


All the best.