Like yourself, while increasing production is great, unless it translates into money in the bank, frankly, it doesnt mean squat - and the market appears to agree!
However I am going to hold on because 1. If G6M does go under AND other mines follow or just cant run at a profit. The market will wake up that this might be one of the only tungsten plays around. If that is the case and tungsten gets a single mention in any mainstream media conversation, given how thinly the stock trades, it wont take much to cause a significant spike. 2. Even though the operating costs have ballooned, i agree with the Morgans assessment that eventually that will have to plateau out, which should leave nothing but profit.
Yes, they have been absymal with their forecasts and yes, we also run the big risk of them buying something else in the meantime, which will kill the SP completely. But I'm hoping, if they can show ANY profit, it might just generate enough interest to cause a quick pump - followed by a quicker run.
EQR Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
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