In the space of 2 months we have seen the value of Eqx drop by over 130m and it was only 3 months ago that Exxaro wrapped up its 338m Mayoko purchase of 92%.
Exxaro stated at the time its purchase was the best out of 70 projects looked at globally . Eqx at the current value of 210m with cash of around 80m for 100% is even better than Exxaro and has more acerage .
We are yet to confirm how much ore we have in comparison with Exxaro but that should happen with the next few months
As for Badondo , looking at the size of the outcropping Hematite in those photo's , its goig to be a great resource for Equatorial.
EQX Price at posting:
$1.78 Sentiment: ST Buy Disclosure: Held
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