Looks like the rest of the team answered for me but yes we are producing, and over the next few years as we ramp up with recent capex spent and some further expansion, EQR's production alone will put Australia into the top 5 producers of Tungsten globally, if not the top 3. On top of that, with Russia and China being in the top 3 and assuming there's no large Tungsten producers coming on board in the next couple years (which is unlikely and we've actually seen a lot of producers closing up mines in the last year), we may be one of the largest producers outside of those 2 jurisdictions globally. This ramp up obviously has risk through upgrading equipment etc but the resource is there, has been shown to be economically extractable and abundant and that is significantly less risk relating more to operations, which to date have gone very smoothly.
IMO EQR is still well undervalued at MC of $75/80M considering the NPV in the BFS that isn't including recent resource expansion or our $6M government grant.
I'd strongly encourage you to read through the BFS and recent announcements (last 12 months or so) to get up to speed quickly. As I noted before, I'd anticipate that when any sort of volume comes from more people discovering EQR's operation, we'll be going higher and quickly.
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $95.46M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.3¢ | $36.07K | 1.051M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1334581 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 74000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1334581 | 0.033 |
5 | 439320 | 0.032 |
4 | 629373 | 0.031 |
4 | 768333 | 0.030 |
3 | 953000 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 74000 | 2 |
0.037 | 426315 | 3 |
0.038 | 475640 | 3 |
0.039 | 900000 | 3 |
0.040 | 445847 | 1 |
Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
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EQR (ASX) Chart |