EQR

7.14%

4.5¢ eq resources limited

Agree - looking good IMO.The trend is your friend......Saloro...

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gopherbroke

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01/08/24

12:40

Post #: 75025320
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Originally posted by scottm: ↑

This quarter saw a $1m increase in revenue and $1m drop in costs (excluding refund). Its still a muddy quarter as the JV was in place for the whole quarter. Next quarter we will get to see the full operation. At this stage Saloro is generating the majority of the income and has short term potential to increase as Kevin is working on the recoveries with some success. The strong production numbers in the last few weeks of June sets up a good next quarter.

This should put to rest whether we should have done the Spanish deal or not.

Improved drilling results are providing more confidence regarding the overall deposit. Just got to mine the higher benches (lower grades).

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Agree - looking good IMO.
The trend is your friend......
Saloro contributed $8.3M in revenue and Kevin is now on site to increase that even further
MT Carbine was $3M from the 50/50 JV - so this qtr will be 100% ours.
MC breaking production records whilst stripping pit and expanding plant - 211 tonnes in June, 70.4 tonnes in 7 days and a daily record of 13.6
Plant availablity time is 93% so seems to be purring along quite nicely

With the JV now wound up ad Kevin upping the recoveries at Saloro, this qtr will be a big improvement - just need to get through the stripping and pull out some of that rich high grade stuff

EQR Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.5¢		Change 0.003(7.14%)		Mkt cap ! $100.6M

Open	High	Low	Value	Volume
4.5¢	4.7¢	4.5¢	$17.48K	382.7K

Buyers (Bids)

No.	Vol.	Price($)
1	31270	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	15000	1

View Market Depth

No.	Vol.	Price($)
1	31270	0.045
1	11627	0.044
1	250000	0.043
1	150000	0.042
1	25000	0.040

Price($)	Vol.	No.
0.048	20400	1
0.049	249998	1
0.050	349999	2
0.055	300000	1
0.069	20000	1

Last trade - 15.45pm 06/09/2024 (20 minute delay)

EQR (ASX) Chart

Agree - looking good IMO.The trend is your friend......Saloro...

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Agree - looking good IMO.The trend is your friend......Saloro...

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