EQR eq resources limited

SEI - Speciality Metals International would of been the name at...

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    SEI - Speciality Metals International would of been the name at the time I'd assume. You may have jumped in as a lithium play back then.

    As to the future of the share price I expect it to keep on going up for some time. EQR are yet to start mining the open pit. Open pit mining is when the real money starts flowing into the company. Keep in mind this quarter is most likely going to be similar to the last few. Bringing in some cash to offset the costs of production but with all the other setup costs preparing for open cut mining they will be burning cash still.

    My view(wild speculation) is:

    Current stage -> nearly coming to an end. resource discovery/pilot on the LGS/build the new plant/get mining ready (now)
    Mining stage 1.0 -> Open pit mining the Andy White pit. Here is where all the efforts put in over last 3-4 years comes to fruition. (6months)
    Mining stage 2.0 -> Underground mining or a new additional pit (3yrs)
    Major growth -> With the mining operation/s making $$$ where will EQR put their profits? My guess a lot will be spent expanding/finding the resources in the Mt Carbine project and the surrounding area. I hope this is where they get to spend many many millions of dollars building a massive new plant and x10 their mining profile. (5-7 years)
    Industrial growth -> value adding/local tungsten processing 5+ years

    If you got in at 1.5c it never hurts to take a profit and you don't have to sell them all at once. Having said that I hope that within the next 3-4 years they have enough income to start paying a small sustainable dividend regularly.

    I think EQR is positioned very well to be a very successful growth story. They are only a small company but have a huge resource. Their technical and geological teams can more than handle an increase of multiples to the operations before they start to hit their limits in size. Tungsten's future demand will hopefully make their journey forward smooth even with a few hiccups along the way.

 
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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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No. Vol. Price($)
2 29706 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 150000 1
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Last trade - 15.17pm 20/06/2025 (20 minute delay) ?
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