Resources Stocks Down Under 3 December 2020: EQ Resources, Burgundy Diamond Mines, Bannerman

EQ Resources: Mt Carbine can be a gun

In today’s edition of Resources Stocks Down Under, EQ Resources, whose potential company-maker is the Mt Carbine Tungsten Project in far north Queensland, has seen its stock base-build lately at between 2.3 cents and 3.3 cents per share. We think there’s a lot of upside in this one. The medium-term market outlook for tungsten is bright and EQ expects to be able to enjoy early cash flow re-treating existing stockpiles before it moves to hard rock mining at Mt Carbine.

Also in today’s edition, a look at diamond miner Burgundy Diamond Mines (ASX: BDM) and uranium miner Bannerman (ASX: BMN).

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Click here to read the previous edition of Resources Stocks Down Under published 26 November 2020

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