Agree, but it might be due to being a letter of intent rather than an actual deal. However, given the length of time this hsa been going on. They met US EXIM in Sydney last year and Olli has been meeting with them in Washington and they need to secure non Chinese/Russian tungsten.
Looking at the other tungsten players Almonty market cap $1.1bn (one mine in production) Fireweed $460m (no production) Guardian Metals $76m (no production) Tungsten Mining $62m (no production) Resolution Mining $34m (no production) Tungsten West $22m (no production)
The market will wake up to current largest Western producer with a market cap of $100m, 2 mines and growth to occur.
EQR Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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