This was missed by the prime $EQR.AX People!!! Glad to share with you!! INTERVIEW: EQ Resources expanding in Spain, Australia amid tungsten supply crunch #Tungsten spglobal.com/energy/en/news-…

Best FinX communities - Finnish Tungsten Mafia Absolute vibemaxxers. Stage 4 Asthma from chronic metal investing. Probably investing directly from their job at the coal mine. If you were ever in danger, 100 naked drunk men will turn up to your house to defend your honour. Brothers for life. - Korean Leverage Degens Severe mental illness. Their entire index moves like a 40k market cap shitcoin. Their only 2 options are Bill Hwang or homelessness. No fear of failure, as you can always max another credit card out. Beautiful people with a deep love for winner hard and losing even harder. - Frenchies Cult of Paris Their discord is the closest thing to a hedge fund. There is like 400 french adderal coke addicts doing dd simultaneously on 10000 different stocks at all times. Won't invest in anything that doesn't have a scent of Jean Paul Gaultier on it. - Crypto Asylum Seekers Watching them navigate a playing field where they can't rug you to zero is amazing to watch. 24-7 meme fest to cope with how downbad they've been for the last 6 months. No idea how to invest in an equity that actual has value, so they use Fibonacci TA on NVDA and Broadcom.

A new report by Financial Times showcases developments since early 2025 of Chinese companies buying #tungsten scraps from US companies. Meanwhile the supply in the Western markets is minuscule.. $EQR.AX $ALM $TUNG.CN $W.V $TUN.L $GMET.L $ACM.CN mining.com.au/critical-miner…

朋友，有钨吗？

Do the math when you double the crushing capacity and have good feed sources. This upgraded plant can do >50,000mtu per quarter. If you read this announcement carefully they are also upgrading the ore sorters (again!). They can’t say that this plant can’t reach this rate because they haven’t converted enough resources to reserves to bake that rate into the mine life, so ASX rules won’t allow it. They can say how quickly it can process the low grade stockpile as that is already in the mine plan. When the drill results come through, the cut off grade is changed for a tungsten price higher than $300/mtu and the full scale of the plant is incorporated they will provide this guidance.

Kaikesta päätellen Mt Carbinella homma rokkaa vaikka Saloro vähän yskähteleekin tällä hetkellä. Palasin kyytiin tänään $EQR.AX #Tungsten

My estimates for $EQR.AX's Q4 FY2026 financial results: It's still almost 2 months until we will see the actual results, and Q4 FY2026 hasn't finished yet, but I do dare to make a preliminary estimate for the current quarter. First of all, I expect Barruecopardo to produce slightly more than last quarter, so 19,000 mtu. Mt Carbine had a weak last quarter, but is rapidly improving. We know that Mt Carbine had at least 4,737 mtu in April. I expect that trend to continue as they are actively processing the higher-grade ore from the lolanthe vein. So from Mt Carbine, I expect ~17,200 mtu this quarter. For the months March, April, May and June, I assume the average tungsten prices of $2,250/mtu, $2,800/mtu, $3,100/mtu and $3,100/mtu respectively. Note that we do not know the average tungsten price for June yet, so I assume it to be the same as May for now. We now know that Barruecopardo works with real-time prices, and Mt Carbine with a 1-month lag. So for Barruecopardo, I take the average of April, May and June, which is $3,000/mtu. For Mt Carbine, I take the 1-month lag, meaning that I need to take the average of the months March, April and May, which is ~$2,718/mtu. I assume a payability ratio of 75% for both and a AUD/USD exchange rate of 0.70. Net costs for Barruecopardo and Mt Carbine are assumed to be $500/mtu and $550/mtu respectively for now. From Barruecopardo, I expect revenue to come in at: ($3,000 / 0.70) * 19000 * 0.75 = 61,071,428.57 AUD. From Mt Carbine, I expect revenue to come in at: ($2716.67 / 0.70) * 17,237 * 0.75 = 50,171,982.14 AUD. In total, revenue is therefore expected to be 111,243,410.71 AUD. Net profit is expected to be 47,500,000 AUD from Barruecopardo and 36,628,625 AUD from Mt Carbine. In total, I expect net profit to be 84,128,625 AUD. Obviously, these are rough estimates. We don't know the average tungsten price for June yet, and my average tungsten prices may be slightly off from the true values. Furthermore, the assumed net costs/mtu may differ from reality as well, and production numbers may vary significantly. Nevertheless, these estimates should give you a decent picture of the potential blowout we can expect in Q4 FY2026. Note that $EQR.AX's current market cap is only ~1.22bn AUD. In the picture below you can see an overview of my estimates.

If you take their “million dollar days” comment from the Sydney presentation literally. At $2800/mtu * 0.78 = $2194 payable 1m / $2194 = 456mtu/d = 40,000 mtu/q

Metals: weekly price & performance

"He estimated about 10 to 15 extra shipments would now reach Australia in April on top of what would be expected to arrive in ordinary times. “There has been an extraordinary uptick in numbers,” he said. “Usually, you would not get so many tankers.”" smh.com.au/business/markets/…

Here you go $EQR.ax fan boys #Tungsten

Summary of the $EQR.AX call: Iolanthe reached, feed to begin hitting the plant in 3rd week of Feb. Expansion of Mt Carbine processing plant to begin in November, pending some external funding discussions. Drilling program to begin in June quarter at Saloro and Carbine to expand the resources. Exploration of old tungsten mines around Saloro and Mt Carbine (Wolfram Camp) and looking at joint ventures with others who hold similar tenements nearby to Carbine. Looking at a NASDAQ listing but it isn’t a simple exercise or a priority at the moment. Business is derisked from a financial perspective and looking forward to getting the plant and business fundamentals stronger throughout the year. See the full thread attached: