re: Ann: Form604 Notice of change of interest...
If SDL build their railway to their 2 deposits, we would need to negotiate with SDL (who by that time will be managed by hanlong or some other chinese company) to build a 100km extention to the badondo project.
If SDL START to build their own railway in the next 2yrs, and theres will be about 500km long, it will take say 3yrs to build theirs, and say if our brilliant EQX management can than negotiate to build a 100km extention to badondo, that will take say another 1yr at least, so 6yrs time, if the world economy still needs IO, and if we keep building up the JORC for bondodo over 5yrs or so, it could all make sense.
Hopefully we could use some of the money we get from Mayoko to pay for the 100km extention needed from SDL's proposed railway.
Im not scared but its gonna take a hell of a long time.
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By the way i was wondering if anyone here has been into stocks for a very long time, if they remember has there ever been any company that has built a 500km railway somewhere and has make a huge profit of the co., i know fortescue has, has anyone else ever done it anywhere?
EQX Price at posting:
$1.82 Sentiment: LT Buy Disclosure: Held
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