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Thread: EQR tungsten

  1. #1
    Junior Member
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    Jul 2007
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    Default EQR tungsten

    Many years since I posted on Sharetrader but want to put up EQR for you consideration.
    Existing quarry near Cairns,last few years updating equipment and trialling tungsten sorters, local staff, local mkt for waste aggregate for roads.In Queensland and should qualify for state loans.
    Current partnership 50.50 with german comp Cronmet, specialist tungsten suppliers. Canadian chief exec, very experienced.
    Recent drilling has produced bonanza grades and will allow existing open pit to be extended before going underground.
    Should be no need for any more cash raises, just completing bank feasability.
    Tungsten a critical mineral with 80% from China, now above $322/ mtu
    Candles weekly and daily charts looking good
    I am already holding but will be buying more before bank feasability comes out (I hope)
    Should be 4 or 5 Bags at least

  2. #2
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
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    8,477

    Default

    Sounds promising Micket will do some research on them when I get a chance .. BFS will certainly be a kicker If positive

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