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wgo - eqx comparison

  1. 1,895 Posts.
    Just put together a quick comparison of WGO vs EQX. Please note this is the basic facts - DYOR

    EQX
    89m shares @ $3.81 = $339m mc

    Carried out Airborne magnetic and radiometric surveys in August 2010 with positive results - sp rerated up from $0.44.
    Placement in Dec - 14m @ $1.80.



    WGO
    39m shares @ $1.17 = $45 mc

    Airborne magnetic and radiometric survey currently underway, initial results due Feb.

    Mike Young - MD of BCI has just been appointed a Director.

    Jungle Creek Gold Mines Ltd (T Streeter, Director of WSA and FXR) recently brought an 11% interest.

    Past assays of 68% Fe.



    EQX has potentially got 2 projects and Rail is closer, however the risk/reward defintelys favours WGO imo.

    I hold WGO and have been adding over the last week.

    Early days for both and there is possiblities that they could be the next SDL ($1.3B mc and not yet in production).

 
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