Ann: Webinar - Mt Carbine Tungsten Project Update, page-31

the 100% offtake can not be overstated. The fact
1) it’s taken from the mine gate, may mean we are not getting absolute top dollar, but it removes all the extra risk, cost and EQRs resources and expertise can be kept focussing on the prize.
2) Masan wants as much as EQR can give them, happy to take it as is resulting in less capex and opex AND they are happy to financially support EQR for their own benefit. I don’t see why EQR would ever need to sell to anyone else as long as everyone is benefiting and playing fair which definitely seems to be the case.