EQR 3.51% 5.5¢ eq resources limited

TreefeedI assumed they were currently using a leased xray...

  1. 2,816 Posts.
    lightbulb Created with Sketch. 121
    Treefeed

    I assumed they were currently using a leased xray ore-sorter as part of the work they are currently doing on the feasibility study for the low grade stockpile phase. I don't believe this assumption is unreasonable because they conducted x-ray sorting testwork in 2011 and were still conducting x-ray ore sorting testwork as recently as April 2012. As the feasibility study is still ongoing, there is a possibility that test work is still ongoing. I can't understand why you have such a problem with that. That's just my opinion.

    Maybe they have finished their testwork and are no longer using the x-ray oresorter, maybe they haven't. So what?? It was simply an assumption I used to work out an estimate of what I thought the capital expenditure requirements for the hardrock phase was going to be in response to a query by one of the posters here.



 
watchlist Created with Sketch. Add EQR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.