selling the royalties, page-5

The following from EQX board is very interesting as to possible value of the AKI royalties (from Exxaro):


I thought that the Exxaro presentation may be of interest as well;

http://www.exxaro.com/wp-content/uploads/2013/02/Mining-Indaba-2013-2.pdf

Exxaro are pushing the goal of 10mpta by 2017 very hard throughout the presentation.

Page 17 talks about a JORC resource of 685mt, so they must have completed further drilling after the AKI acquisition? It also talks about 'significant upside potential and synergies.'

Page 25 is interesting. It shows Mayoko phase 1 in the build phase (past complete business case and investment decision), with Mayoko phase 2 within the feasibility phase still. Remember their CEO was wanting to start exporting some time in 2013.

Just thought it'd be nice to see how the big brother neighbour was viewing their investment in the area.