copper twins on the way to stardom!!!

My basic research comparing Equinox Minerals and
Tethyan Copper highlights the following facts __

1. both coys. are attracting a similar market cap. of
approx. $50 million.

2. both have defined similar sized resources of 901Mt
and 837Mt respectively which are two of the worlds
largest undeveloped copper resources.

3. copper grades for EQN at Lumwana average 0.70%.
copper grades for TYC at Reko Diq average 0.65%.

4. EQN is in the process of introducing a new minority
jv partner to their Lumwana project in Zambia when
100% ownership is assumed by buying out the 49%
held by Phelps Dodge.
TYC, under an alliance agreement with BHPB
controls a 75% interest in Reko Diq under the CHEJV
with the Gov't of Baluchistan, in Pakistan, holding the
balance. BHPB has clawback rights.

5. EQN finalised their BFS over 12 months ago and are
now seeking to finance their project.
TYC are yet to complete the BFS for their H4 starter
project, but it certainly looks positive.

6. EQN will ship their concentrate off-site to be refined
at a Custom smelter.
TYC will *initially* be able to produce copper metal
on site via the heap leaching route at a significantly
lower capital cost.

7. I would ascribe similar country risk profiles to both
locations.

8. both Coys. should attract multiples of their current
SP as the respective projects are financed and
development progresses.

9. the very large licence areas held respectively in both
locations seem to have excellent potential for
further discoveries.

10. my choice: I hold EQN but can see a lot of latent
value in TYC, esp. the fact that early development
is possible due to the nature of the starter orebody.

Cheers ... WJ

Please do independent research or seek pro advice.