To compare eqn to Env is dumb. In fact it will be eqn that will benefit off Env in regards to coda. The sp of eqn has not factored in coda - it is awaiting results of the tenements adjoining bre mid June at Rio negro of the Campo Grande project. HOWEVER, the binary event in the eqn calendar is the hammersley iron ore more resource - the submission of section 18c to commercialize it is due June 10 due to the impasse with the aboriginal corporation. If the decision is in the favour of eqn, it basically adds 150 to 200 mil to the value of eqn as not only is there a jorc for 343.2MT at 54.5% along with high grade zone extensions of 61% (update due) and DSO operation of part of the jorc. the key is for Env to deliver the assays for corda - visuals are due soon. Any continuation of lithology of the samples would definitely boost the sp and it is not out of the equation to c this rerate significantly - 200 percent imo is not out of the question. However visuals followed by assays are required.
ENV Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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