Keep in mind this was in 2009 from CNQ management, so with increased prices in tungsten, increased in JORC resource since then, increase in shares and a different market outlook take what you want from this, but positive IMO.
* The base-case model gives a project net cash flow (after capex, admin, royalties, ect. but before tax of $59M or NPV of 46cps at 8% discount for current 75M issued shares.
* But reconciliation of model grade with historical records suggest in situ grade is 20% higher.
* Combined with an achievable 50% increase in tonnage, this gives a cash flow of close to $200M or NPV of $1.60 per share.
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Last
3.7¢ |
Change
-0.001(1.33%) |
Mkt cap ! $100.9M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.6¢ | $378.2K | 10.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 755555 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 540225 | 2 |
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| Last trade - 15.32pm 11/07/2025 (20 minute delay) ? |
| EQR (ASX) Chart |