EQR 9.52% 4.6¢ eq resources limited

This company frustrates me.There is so much potential why do we...

  1. 1,401 Posts.
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    This company frustrates me.

    There is so much potential why do we have to wait 10 Days to be advised a container has left?

    Per the annual report (Page 3) the value of the first shipment was $288,845.60 USD.

    This shipment is 15 tonne I believe this is 1,500 MTU at say $280 USD per MTU that’s $420,000.

    In the presentation dated 5 March Slide 4 mentions Tailings output of 5,000 MTU per month. (At Say $280 USD that’s $1.4Mil per Mth.)
    Note in the 22 Feb 2011 off the CNQ website and is not on ASX announcements.
    Link http://www.carbinetungsten.com.au/announcements/the-tungsten-company

    “Tailings, Production 50t Mth EBITDA $5Mil Yr Capex $4Mil Mine Life 2 Years”

    As the plant is running at “record production rates approaching designed throughput capacity” I would expect another container to be despatched before the AGM on Nov 8.

    It seems to me we have turned the corner and we should receive a detail update before or at the AGM.

    I am no expert so I would appreciate conformation of my figures.

    Please DYOR.
 
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