The fact that they've noted it's currently cash flow positive is huge news. That means no more capital raises required as we continue to increase output and develop further, no need to worry about the interest rate environment. After repaying the directors loan when the $6m grant comes through, I guess we can't be far off dividends unless they see the need to further develop/increase output as Tungsten supplies drop globally and the price increases. Still significantly undervalued as a company as well sitting at a $80m market cap.
Such a strong presentation from the team that's filled with positives. I topped up again this morning as I can only see this going from strength to strength. With the recent rate hikes and markets taking a beating, I see a lot of people rotating out of spec miners etc and into something safer. I think EQR is precisely the right place to be.
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