Hi squidd,
Finding a partner with a resource reportedly "below expectation" in this environment is near impossible IMO.
"Another complication for the Mayoko project is that the resource is below expectations, hence the need to lift volumes..."
http://www.miningmx.com/page/opinion/columnists/1643549-Exxaro-R53bn-iron-ore-gambit-on-the-brink
Presumably EQX (a neighbor), share the same "below expectation" resource. However, EQX's options to compensate for "below expectation" resource are limited, since lifting volumes (as Exxaro suggest) is not possible.
Regards
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.34M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58210 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 33900 | 2 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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