Added to YB: 2026-04-28
Pitch date: 2026-04-27
EQR.AX [bullish]
EQ Resources Limited
Author Info
JGR specializes in small caps where the value exists, but the market has not yet recognized it. 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 1.4B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
688.30
P/E
-40.85
EV/Sales
18.83
Sector
Metals and Mining
Category
growth
How does EQR benefit from spending close to 1.5 trillion on defense?
EQR.AX: Tungsten producer positioned to benefit from $1.5T Pentagon defense spending. Conservative 2027 est: 325k mtu production, $650-810M AUD rev, $360-450M profit at $2k-2.5k/mtu (vs $3k current). 2028: 340k mtu, $680-850M rev, $430-600M profit. 1.5B AUD mkt cap. Catalysts: Mt Carbine drilling (28 wells, 7700m) results in 3-6mo. Risks: China export controls, weather impact on operations.
Read full article (3 min)