Sundance spent more than $10million just building a road to their project! Badondo is in similar remote area. Xstrata are spending $200 million on the BFS for their Zanaga project in the Republic of Congo next door to Mayoko. These guys know what they are doing. They have enough money in the tin to drill both projects and prove up the reality of their targets. Given market will give them 50c to $1 per resource tonne and they have announced exploration targets across both projects of more then 6 Billion tonnes if the drilling generates some good results this will take off. I have a bootfull of EQX already but cant help but start picking up more at these levels.
EQX Price at posting:
$2.15 Sentiment: Buy Disclosure: Held
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