OAKTREE sold it because their existing team couldn't generate a high enough recoveries to make profitable. They undertook a 12 month process where they looked to partner with Tungsten West, Almonty & EQR.
They chose the latter & in-turn they have become the largest shareholder & continue to support.
The results so far is recoveries have increased from 38% to 65% and it's now the largest producing mine in Europe.
They will update the resource when they are ready. Given the geo-political situation going on in Europe, there is plenty going.
EQR Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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