As per previous post, the headwinds for Iron Ore projects are just increasing.
~ Although, current Iron Ore pricing has little impact on Equinox's exploration plans, it will at some point when Feasibility Studies commence.
~ The spot price according to Fastmarkets MB, benchmark 62% fines imported into Northern China were changing hands for $93.14 a tonne, down a further 7% from Thursday closing.
~ The most traded iron ore futures on the Dalian Commodity Exchange, for January delivery, ended down 3.2% at 561 yuan ($87.65) per tonne. The contract fell 12.1% this week.
~ a position that Equinox may find itself in when/if they get ore to market using the comparison of Fe ~ 58% .....
https://www.copyright link/companies/mining/mineral-resources-smashed-by-iron-ore-price-penalties-20211026-p59342
Labour shortages may have the biggest future impact to Equinox if the state can't address then lack of skilled labour...
~ labour shortages are again in the headlines, (example) Albermarle/MinRes having further delays with the Kemerton II plant construction., - again this doesn't have an impact on exploration plans, unless they can't engage a drilling company that doesn't have to cross borders.....
https://www.australianmining.com.au/news/labour-shortages-cause-kemerton-concerns/
~ Skill shortage expected to peak in 2023 .....
https://www.australianmining.com.au/news/wa-skills-shortage-to-peak-in-2023/
https://www.australianmining.com.au/news/wa-skills-confidence-contradicts-concerns/
~ Rio Tinto slashes shipment targets as a severe labour shortage across WA causes project delays.....
disallowed/business/companies/rio-tinto-cuts-iron-ore-shipments-target-amid-worker-shortage-20211015-p5908f.html
The Western Australian Department of Mines, Industry Regulations and Safety (DMIRS) has provided updated information on the criteria for explorers and prospectors, highlighting land disturbance limits, doubt this will have an impact to Equinox now/later/never? but the Company would be still classed as "explorers"?
A drilling campaign announcement can't be too far away now, surely?
cheers
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