Agreed that section 18 should s the first step. Further drilling is required. This is already planned by the company and is not restricted by the decision pending. So the ceo is definitely attempting to prepare the asset to an eventual outcome. The outcome will definitely not be eqn developing the asset by itself. It will be a jv or most likely an outright sale. At a minimum, the asset could be worth the current market cap. From my perspective, the iron ore was always a bonus as it was left in limbo. The main gains for eqn is the hard rock monazite sand drilling at campo grande - nearology to bre ultra high grade resource. This is what will drive the sp. section 18 will give the sp a boost but the asset will need to be progressed in this market to gain any sustained benefit.
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Agreed that section 18 should s the first step. Further drilling...
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $31.58M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 25.5¢ | $1.298K | 5.041K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9981 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 47459 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9981 | 0.245 |
3 | 29148 | 0.235 |
1 | 100000 | 0.215 |
1 | 10000 | 0.210 |
1 | 19140 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 47459 | 1 |
0.260 | 19467 | 1 |
0.295 | 50000 | 1 |
0.300 | 10000 | 1 |
0.305 | 51912 | 1 |
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