MGO: to produce 112kt & 88kt first 2 years, then 124ktpa; 4.2kt...

MGO: to produce 112kt & 88kt first 2 years, then 124ktpa; 4.2kt Moly first 2 years, then 6.7ktpa. Mine life is at least 10 years. At current metals prices: Revenue is approx. USD1.4-USD1.5 Billion.

EQN: Lumwana should produce an average of 120,000tpa of copper over a 37 year mine life with a higher 169,000tpa in the first six years from mid 2008. That is approx. same revenue per annum as MGO. But EQN has 37 years of mining life and some URANIUM.

The big differences are:
EQN: into production soon, MGO not until 2010+

But this is for consideration:
EQN market cap: $2.5BLN
MGO: just over $50mln......

I call MGO the junior EQN.....