Hi banksy808,
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!
Hi banksy808, Yes, time for management to shine here regarding...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.08M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 498509 | 3 |
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| Last trade - 16.12pm 17/06/2025 (20 minute delay) ? |
| EQX (ASX) Chart |
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