Yes, time for management to shine here regarding 3rd party investment.
The Mayoko project may look attractive to a mid-tier steel mill that's wanting to secure high quality supply outside the majors, and at a low capital cost.
Having infrastructure already in place reduces CAPEX over-run risk significantly.
A B/E of $58-$66 means there is minimal price risk.
The issue will be whether any strategic partner wants to sign on the dotted line when the sector is in over-supply as it is now.
Also, if an off-take/JV type deal is being looked at, current conditions will likely mean that EQX wouldn't get as much for say 50% of the project as it may have got 12-18 months ago.
Good luck!
EQX Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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