gibba, they have the exploration target, we won't know what's there until the site is drilled. If there's anything at Mayoko that resembles the exploration target, it'll be fantastic. I can't wait until the BFS & DFS start being prepared. I think the numbers that will be arrived at in those studies will make people sit up and realise this company.
A very rough, back of the napkin calculation of operating revenue if EQX can get into production by the end of 2012, start of 2013;
3,000,000 tonnes DSO p/a x $70p/t = $210,000,000 operating revenue.
($100p/t sale price for DSO - $30p/t operating costs = $70p/t. I think these figures are quite conservative also, but who knows what will be happening in 18-24 months time)
$210m operating revenue p/a doesn't look too bad when the market cap of the company is ~300m does it?
Plenty of water to go under the bridge still, the above is just a rough guesstimate at the potential there. I don't think the CAPEX will be astronomical either considering the size of the initial target production meaning mine infrastructure will be quite small (3mtp/a), and the fact that the port and rail are already in existance. There may need to be some upgrades to the existing infrastructure though.
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equatorial resources limited
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.71M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10506 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10506 | 0.150 |
1 | 81899 | 0.130 |
1 | 100000 | 0.125 |
3 | 77699 | 0.120 |
3 | 82000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 50000 | 1 |
0.160 | 100000 | 1 |
0.180 | 20000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 10.10am 01/07/2025 (20 minute delay) ? |
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