symmetry

The link below is from an interview with the Exxaro CEO that's already been posted on this thread, but I thought it was worth reading over / watching again after the recent announcement from EQX;

http://www.miningweekly.com/article/first-iron-ore-exports-from-congo-2013-exxaro-2012-08-08

The Exxaro CEO talks about phased development, fast tracking / accelerating the project, and a promise made to the Congolese Government to be exporting by 2013. He makes the point that this is possible due to being able to use the existing rail and port infrastructure. The CEO talks about phase 1 being exporting next year, with a ramp up to 10mtpa by 2016.

Compare this to what the recent EQX announcement said;

"The company has investigated the potential for a staged approach to production in order to accelerate initial production timelines and minimise capital expenditure. This approach has identified a fast track to initial low volume production"

"The initial stage of low volume production will be followed by a ramp up phase where on-going refurbishment is expected to increase capacity. A third stage of expansion will involve the development of additional facilities to significantly boost production capacity."

There seems to be a lot of symmetry between the EQX and Exxaro plans doesn't there? It's all looking very good from a co-operation viewpoint.

We wait for the maiden JORC from Mayoko, and then the scoping studies to be released so that we can see exactly what development plans the company is working towards.