This is a private company, so there is an opportunity for a listed company like EQX to step in and snap up a bargain! Their current offering is being made at $A40m for a business that would cost $A700m to build today, and they also have the biggest PE group in Brazil as their cornerstone. Of course, it is hard for a company like EQX to move quickly, but it is worth a look; it would be a company maker. It is a big operation, maybe too big for EQX to handle; the video shows the scale of the thing. It also has some good information on the Brazilian Real. Brazil is like Australia forty years ago in the mining sector.
EQX Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
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