Of course there at similarities
The similarities are with SDL at an earlier stage of it's development otherwise EQX would also be worth $1.4 bn
Also the magnetics imply depth and length of the deposit. Of course no where near as certain as drilling. A consultant worth his salt isn't going to screw a target up by a zero ie 300 mn as opposed to 3 bn though
EQX will get a JORC resource of a billion easy. Look at tue province iron ore resources are obviously everywhere which makes geological sense - iron ore is not rare in the pilbara is it? BUT it is jorc RESERVES which are harder to find and that is the clincher for EQX. With a strike length of 46km a geologist is going to have a field day. A undergrad student could defend a multi billions tonne inferred resource with very few drill holes!
But yes as you point out a Reserve is sometime ( a drill program or two away). But that is what the share market is for - speculation. Ppl want the ride there. Buy the rumour my friend!
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Mkt cap ! $16.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 8000 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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15.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.120 |
1 | 8000 | 0.115 |
1 | 55314 | 0.105 |
2 | 134580 | 0.100 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.150 | 50000 | 1 |
0.155 | 69999 | 1 |
0.170 | 1501991 | 9 |
0.175 | 97463 | 1 |
0.200 | 100000 | 1 |
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