Interesting interview. Oliver appears to highlight the fact that...

Interesting interview. Oliver appears to highlight the fact that the latest Tungsten export restrictions from China is not an outright ban on Tungsten but more export control measures. This means that the US can still purchase tungsten from China subject to a review process to prove that the tungsten will not be used for defence or other purposes that China determines as a threat to its national security. Nevertheless, it wouldn’t surprise me if US buyers will still start looking for alternative sources to protect themselves in case the situation between US and China escalates.

Oliver also appears to imply that demand for tungsten needs to also increase for tungsten prices to start rising.

In the end, what’s more important is for EQR to get their house in order and to start becoming cash flow positive irrespective of whatever the tungsten price is. The next quarter is crucial as EQR need to confirm that production from Mt Carbine has improved due to the commencement of the processing of higher grade material from March onwards (hopefully there won’t be any unexpected delays) and they need to show how they are going to resolve their fast dwindling cash position to continue operating as a going concern.