Royalties. Safe way of potential income.
Agree that the carbs could be a company maker for a MC of 10.6 M with 5m in the bank.
The Company retains a royalty interest of US$0.30/tonne in the Hamersley iron ore project,managed by Equinox Resources Limited (ASX: EQN).
The project is located in the heart of thePilbara iron ore province and currently has a total Mineral Resource estimate of 343.2Mt at54.5% Fe (reported in compliance with JORC Code 2012 - refer to Pathfinder’s ASXAnnouncement dated 24 January 2020).
Recent work by Equinox included reinterpretation
ofthe MRE which confirms an initial Direct Shipping Ore component of 108.5 Mt @ 58% Fe (referto Equinox ASX Announcement dated 6 June 2024). Equinox continues to advance the projecttowards development.
IMO
Add to My Watchlist
What is My Watchlist?
