EQR 6.67% 4.2¢ eq resources limited

yep, 47 ton last month with more equipment coming online this...

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    lightbulb Created with Sketch. 485
    yep,

    47 ton last month with more equipment coming online this month. Should be pushing 70 to 90t in the next 3 months.
    Fully funded - just received $6m Commonwealth grant (not a loan).
    Low debt $10m - average rate across the capex is 3%.
    At 47 per mth cashflow positive
    Increasing resource coming from extended drilling (maybe this quarter). NPV will increase from $130m to north of $250m.
    IRR already 154%. This will go through the roof as no new capex required.
 
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