EQR
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7.14% 4.5¢ eq resources limited

Tungsten supply

  1. scottm
    2,214 Posts.
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    12/05/22
    17:38
    Post #: 61374073
    Almonty's Sangdong project looks like being delayed again.

    The chart below was the timetable they told investors when listing on the ASX July 2021

    https://hotcopper.com.au/data/attachments/4338/4338692-e54cf6d2737d7fc600fc3dc7944a3d63.jpg

    Almonty provided an after market update last night.

    The new timetable is

    https://hotcopper.com.au/data/attachments/4338/4338701-1c95f4dd1ee41f4842021f86f37effa8.jpg
    Instead of being in production in 2023. Looks like 2025.

    While they ordered their long lead time items. Shipping delays are causing them issues. They are seeing some capital cost pressures. I'm sure they aren't the only new tungsten project experiencing the same thing.
    EQR Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch. 3  Great analysis
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