$USD34 million equates to $AUD 50+ million - a great ticket. I think this announcement is deliberately scant of details at this early stage until they do their DD and work out terms of loan - suffice to say though that they will undoubtedly already have agreed on a solid framework and it WILL be favourable because the US DoD want our product.
Very encouraging that they recognise the expansive resource underground of a further 80% odd
The other thing I would look for is if this could include Wolfram Camp product/resource as well - different mine, different location - could be XRay ore sorted at WC and then trucked up to MC plant for gravity processing - this would give them a very long combined LOM
EQR Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)