No doubt that you have an ulterior agenda hoping to spook a few people out of shares. A real scumbag move. In addition to their quarry operations they've further drilled out and explored additional resources as well as chased production efficiencies with the ore sorter. Of course staff costs were going to be higher, they hired specialists/contractors to come and perform that work which you can read in the report. If you're expecting EQR to be cashflow positive in the short term, you're deluded. This is a company investing in ramp-up for future returns through exploration and increased production. Once we get a BFS, we can get some government funding and we're off to the races. In the meantime we'll hopefully bring in enough from quarry contracts and sale of some tungsten to keep us floated. In saying that, expecting a further $1.1m to be received in July/August and we're sitting pretty.
EQR Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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