A couple of snippets from this mornings presentation that are of interest. "Cash flow positive now" and "100-150 million aud market cap can be backed by the numbers" in the near term future after the next update to the resources and its impact on the BFS (6-8 weeks from today)
NPV and IRR should get a solid bump come the next above Ann too.
The 1.5mil AUD loan from the director was necessary to keep the company heading in the right direction while they awaited the 6mil gov grant.
Overall a great presentation and the overall theme from an investors point of view is patience will pay off. The hard work has been done, The funding complete, Employee team is ready and retention rates are good, Profits will start to flow and the company will be able to self fund future expansions. It was reassuring to hear Kevin reiterate around how the processing plant/crushing/screening have already had a lot of the kinks removed via the last 2 years of pilots/production etc.
The comment around Plotlogic sounds very positive. And also the comment regarding the technical sharing of "things" between Croniments end customer (which provided the extension of the offtake funds) and EQ resources is some what intriguing.
EQR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
