$EQR.AX approves 39 million AUD Mt Carbine expansion project, designed to lift crushing capacity from ~1Mpta to ~2Mpta.
Important thing to note; While in the past EQ Resources has often diluted to fund such projects, this time they state they will finance it with current and future cash flows. A telling sign.
$EQR.AX is up over 11% overnight.
This cunt has never worked a true job in his life… but he’ll call for 25% royalties… and it’s important to call them royalties versus taxes cos one is on revenue and the other profit. Bloke has made zero contribution, zero risk, but 100% entitlement…
Get your popcorn ready lads.
Let's wait for China's response on this.
Safe to say there will be no rare earths agreement between US & China now.
As solid as any MoUs in ASX
This is the final piece to complete China's Minerals Playbook.
Not to confuse with the law yesterday - Mineral Resources Law (中华人民共和国矿产资源法).
This is People's Republic of China National Reserve Security Law (人民共和国国家储备安全法).
It's currently circulating through the congress for approval.
Most important section of this law is that it applies to Chinese entities extending beyond Chinese borders.
I shall spend some time to write a more detailed article on it. Stay tuned.