Hi banksy808, I can see the merits and positivites about EQX and Exxaro only if we were in a different IO price cycle.
For the next 3 years, I don't think anything would happen to Mayoko because of the structural oversupply of iron ore vs demand growth as well as the price volatility we have already experienced so far.
If IO price is at $130/T, no worries. But with IO price at $83/T, and lacking substantial economy of scale (IMO) I don't think Mayoko can get up regardless of the pre-feasibility studies.
The only project that could attract (IMO) the dwindling funds available would have to be ultra-low cost DSO product.
Timing could turn out to be the worst enemy of this project.
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.34M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58210 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 33900 | 2 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| EQX (ASX) Chart |
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