Fair enough Chubbito, it's food for thought. Do you think if the...

Fair enough Chubbito, it's food for thought. Do you think if the company can push out a good JORC at Mayoko and produce some good results from the initial Badondo drilling that the market capitalisation will move northwards even if we don't see that fair weather? The negative global events seems to be what's holding us back at the moment.

I started copying a few sentences from that article link I posted before, and ended up with half the article as per usual, but this is what I liked;


re Badondo;

"“Our team of very experienced geologists continue to maintain that the ground is the best they’ve seen and we are looking forward to the current drilling program confirming the extremely high grade potential of this asset.”"

"Equatorial’s first pass drilling will identify the depth and consistency of the high grade haematite found at Badondo and, noting that the only downside of having so much iron is that it can be tough to drill, Welborn says that the team eagerly awaits the arrival of its specially built, heavy duty yet highly portable diamond drill rig"


"While perhaps overshadowed by Mayoko—and Equatorial’s break-neck speed progress at the flagship project—Badondo’s potential hasn’t gone amiss with the multinationals. It might not have fairly impacted the company’s market cap just yet, but if Sundance’s reception with Mbalam offers any indication, it’s possible that the scout campaign could pose massive re-rating implications for the company."


re Mayoko;

" there is the very real opportunity to commence production using existing infrastructure and to then develop a much higher capacity production profile in due course,” he says"

"“That’s why we have a particular approach. It’s unusual to be doing the detailed feasibility work we’re doing on the rail and port at our relatively early stage. We’re drilling out our exploration targets to define a maiden resource and at the same time preparing for a ramp up to production.”"

"“The current drilling programme will give us the opportunity to delineate an initial resource of between 50 and 100 million tonnes of iron ore,” Welborn says.
“This will come from an area which represents a small fraction of the 46 kilometres of iron strike on the tenement.

“The initial JORC resource will enable us to identify the high quality, high grade material that we can ship immediately using existing infrastructure to start generating cashflow. The resource base will continue to grow as we work on our longer-term goal to convert our large exploration targets into resources.”"

"“We have more than 100 locals as staff onsite training with us and there are various programmes in relation to up-skilling the local population with a view to having them work with us for the long-term,” he explains."

"“We’ve also invested in facilities for the village, not just our camp: Water purification and pumping facilities which were broken before we arrived, providing power and establishing the local medical clinic to service our workers and provide a previously non-existent service to the local population.”"