EQR eq resources limited

2.94%

3.5¢

Thanks Plonka,Read through the report. I have a questions...

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RandAlThor1

765 Posts.

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07/06/23

09:31

Post #: 68167174
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Originally posted by plonka: ↑

Hey RandAIThor1,

Take a look at the previous royalty deal. It is a pretty sweet deal. Can read comments on it here:

https://hotcopper.com.au/threads/ann-complementary-royalty-funding-for-mt-carbine-development.7033675/

And they have an option for another $10m so I would expect IF capital is needed they would go for the next $10m before a CR.

$6mil in the bank at end of March Quarter. Another $3.6m from government grant the other day. I expect that will be enough to cover them until the open pit profits roll in. Unlike G6M which recently stated it will be months before they ship concentrate EQR gets paid 95% at the mine gate with the 5% sorted post tests at the other end. This should mean once the x10 grade ore starts flowing money should be pretty much straight after I believe.

As Scott said, It would surprise if there was a CR any time soon. If they HAD to I imagine it would be sub $5mil and filled before we even hear about it.

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Thanks Plonka,

Read through the report. I have a questions regarding the last quarterly report... In this report it indicated that EQR produced 140,000 tones of WO3. At a spot price of USD$320/tonne there should be a massive influx of cash into the coffers yet the receipts are only for $700,000. Just trying to get my head around $ projections as I realise there are profit sharing arrangements with investors.

If you add up all the WO3 produced since FY2022 Q1 there should be significant amounts in the bank. What am I missing is my question I guess?

EQR Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
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Last 3.5¢		Change 0.001(2.94%)		Mkt cap ! $93.69M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.3¢	$13.51K	393.6K

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2	29706	3.4¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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0.036	150000	1
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Thanks Plonka,Read through the report. I have a questions...

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Thanks Plonka,Read through the report. I have a questions...

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