DC,
I agree with the EQN ex-BHP handover, and also look at the time frame they have needed to turn this into revenue:
About Equinox
Equinox Minerals Limited is an international mining company dual-listed on the Canadian (Toronto) and Australian stock exchanges.
The Company is currently focused on operating its 100% owned large scale Lumwana Copper Mine in Zambia and construction of the Jabal Sayid Copper-Gold project in the Kingdom of Saudi Arabia.
Equinox acquired the Lumwana project in 1999 and following nearly 10 years of feasibility, financing and construction, commissioned the mine, plant and infrastructure in December 2008. Situated 220 kilometres northwest of the Zambian Copperbelt, Lumwana is now a major copper mine which has established Equinox as one of the world?s top 20 copper producing companies.
IMO - Mumbwa is still in it's infancy and we have a great team including Dr Tom to 'unearth' Mumbwa's potential value. I keep expressing time and that's what this is going to take. What is a bonus, is that Perkoa will shortly be able to fast track some of the exploration given a cash flow.
Again no volume based on the announcement yesterday - 0.13% shares traded actually!
IMO - The broader market is faltering and spec's are coping it. Just that the market doesn't understand that BTR is soon a Junior Miner.
Cheers,
Snap
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Mkt cap ! $128.3M |
Open | High | Low | Value | Volume |
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36 | 15707035 | 0.016 |
20 | 5968299 | 0.015 |
11 | 5576843 | 0.014 |
9 | 3129549 | 0.013 |
Price($) | Vol. | No. |
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0.019 | 10121493 | 19 |
0.020 | 11168345 | 22 |
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