News: EQN Equinox Resources Seeks Trading Halt, page-14

The iron ore is the key if one wants an immediate multi valuation event. Improvement in the existing JORC with higher grades 61% at depth and having a dso potential means that if the section 28c decision is in the favour of eqn, the asset can be commercialized with near term cash flows. More importantly, it is surrounded by RIso and FMG, with the latter being 30 km away currently mining. You are talking a minimum 150 million aud valuation (conservative) opening up the asset to be taken over. So far the mc has largely focused on the rare earths potential. Combine any success near bre and maybe twiggy comes calling as he enters the ree space whilst increasing his reserves to rival Gina Rineharts foray into this space.by the end of June, eqn has the potential to be closer to a 200 mil mc if everything aligns in favour of eqn.