I found some more information regarding the difference between Morgans and Pac partners research.
Chris Brown said he doesn't read other research, so makes his own assessment. His is based on the feasibility study timeframe whereas Pac has added a number of more years. As noted earlier, difference in the currency (70c v 75c) and price of tungsten (US320 as opposed to US 340).
Chris also indicated that he thinks EQR will be a long term growth story as more resource is added with the potential to move well past the target price.
I have updated a list of non Chinese tungsten deposits and their current status.
There are some question marks about recovery rates on some mines in production and some question marks about potential new mines. In short there is not a lot of new tungsten hitting the market in an environment where demand is growing.
Tungsten deposits Current status Owner Mt Carbine About to ramp up Australia EQ Resources La Parrilla Restarting Spain W Resources Sisson Not mining Canada North Cliff resources Hermerdon About to produce late 2023 UK Tungsten West Nui Phao Producing Vietnam Masan Valreixal Pre-feasibility Spain Almonty Sandong Builing expected production 2024 South Korea Almonty Mittersill Producing Austria Wolfram Barruecopardo Producing Spain Oaktree Panasquiera Producing Portugal Almonty Los Santos Care & Maintanence Spain Almonty Dolphin About to produce mid 2023 Australia Group 6 Metals Mt Mulgine Not mining Australia Tungsten Mining Watershed Not mining Australia Tungsten Mining
I found some more information regarding the difference between...
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