EQR eq resources limited

Yes, it's a bit of a mystery at this stage. That said, we are...

  1. 73 Posts.
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    Yes, it's a bit of a mystery at this stage. That said, we are due the first feasibility some time soon. I am not holding my breath on the next quarterly report giving any boost to the SP.

    Likewise the first feasibility will only outline what is on the ground for which we have a JV for a 50% share plus a royalty (2% of revenue?)

    The next feasibility, due end of year by my account, is the one to wait on. Getting in the ground has always been the main game and with any luck they will be in the ground this time next year as per their project timeline. No reason as yet to believe that wont happen.

    Mind you, we still need the funds to do it, ideally without another cap raise (certainly not at these levels)

    Full credit to management who, IMHO, are staying on course and delivering on outcomes within specified time frames. There is more value in this than what the previous NPV suggests. Better tech for processing and mining. Other tenements not included as yet.

    Sure, I would have liked to have seen the real value recognised by now too. But, I haven't been here as long as some so I have to show some patience.

    In the meantime, I will continue to be unhappy with those selling for what seems to be small profits (if any right now) compared to what's on offer with the end game. However, good luck to them if they can get out and take a profits elsewhere and maybe we will see them back here again for our turn.

    My guess is that we are still 12 months away from anything substantial. Happy to be wrong.......but only if it's blue skies sooner.















 
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