Added to YB: 2026-01-07
Pitch date: 2026-01-04
EQR.AX [bullish]
EQ Resources Limited
+20.48%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
EQ Resources Limited explores for and produces tungsten and mineral resources in Australia. The company also explores for gold deposits.
Market Cap
AUD 382.9M
Pitch Price
AUD 0.08
Price Target
0.16 (+68%)
Dividend
N/A
EV/EBITDA
-29.60
P/E
-4.88
EV/Sales
6.72
Sector
Metals and Mining
Category
value
EQ Resources ($EQR.AX) - Playing The Bull Market In Tungsten
EQR.AX: Tungsten miner trades at US$250M vs peer Almonty's US$2.4B despite targeting 3000-4000t WO3/y production in 2026. Tungsten prices up 200% YTD on China export restrictions, supply deficit. At US$1000/mtu & 3000t production = US$300M revenue, 50-60% margins = 60-70% of market cap in earnings. US EXIM Letter of Interest for US$34M debt facility. Even missing targets 33% & prices falling 25% still yields 20%+ earnings return.
Read full article (5 min)