I listened to the webinar today. Most of the information is what we know. A couple of interesting observations. - Kevin mentioned a number of times the project had been de-risked as they were expanding in small steps, which includes the progress made with recent equipment upgrades. - Getting assistance for the Critical Metals office. Tungsten is on the radar, especially with China producing 83%. The power supply issue in China may also cut their production. - The project is being done in stages which means capex can be spread across time and reduces the need for large cap raises and shareholder dilution (which they are conscious of). - The BFS will only cover 20% of the total project, so there is plenty more value to be had. - The quarry is working well and plenty of tenders happening. - In a strong cash position. - He's aiming for pre-stripping of the open pit ore to be cashflow neutral as they will still be generating income from the stockpile. - The tungsten price has increased to around $320mtu. - The deposit is open to the East West and North with further drilling to occur in the New Year. - He said he could add millions more tonnes to the project, but want to take it a step at a time. - He seemed pretty comfortable and confident they were lining the ducks up.
EQR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)