With a resource increase and a mine life increase- currently at 9 years open cut and 20 odd years underground,it would be good to get the open cut (easier access) mine life up around Equinox -37 years.I note Equinox's share price is $3.99 today but can't understand the recent rise as they have hedging in place and a fair amount of debt.They have a wet season to contend with as well as sovereign risk.Also the grades coming out of the ground haven't been anything to rave about.They have been pushing analysts tours to their flagship mine in Zambia recently,- what have OZL been doing.
OZL Price at posting:
$13.10 Sentiment: Hold Disclosure: Held
