Death riding G6M

I see there is a lot of banter regarding the current position of G6M with a lot of, in my opinion, a bit too much considering the worst will occur and inflict pain on the shareholders, which is compete failure of G6M.

With this mind, G6M does seem to be in some difficulty, but what would this mean to EQR?
My thoughts are until EQR is making money, and I believe its only a matter of time, the failure of any Tungsten miner will be a negative on the share price. Tungsten mines have a poor recent history, and another failure will discourage new investment. Making money will alleviate that concern, with a capital raise unlikely to be required.

On the other side it will be another competitor down, and IF China is being affected by higher mining costs and/or if Chinese exports are truly going to curtailed by the west, then an operating entity would indeed benefit by a competitor's failure.

I am leaning towards G6M will fail and it will have a temporary negative effect on the EQR share price. The best scenario would be G6M and EQR survives with China supplies being restricted. Win Win for both companies and Aus mining.