EQX has just announced a 'company making' announcement imo. These guys are sitting on what looks to be billions of tons of good iron ore product. 500-900M DSO and up to 3.9b tons of iron ore target.
THE SIGNIFICANCE OF THIS--
THEY HAVE A RAIL DEAL, so they will only need a fraction of the capex that SDL requires. I personally think EQX will be in production well before SDL and they are capped at less than 1/6th. Very well run and enough money in the bank to do a very serious job on the drilling into early next year. These guys could walk a deal in with the Chinese imo. The stock looks to be soaking out the twisters on the news before the next move higher. Its worth well north of this when you compare it to BRM, SDL etc. dyor.
EQX Price at posting:
$2.03 Sentiment: ST Buy Disclosure: Held
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