re: News: Equatorial DSO iron amd rail infras... Thoughts to remember;
EQX has ample cash in the bank to not have to even consider raising again at these sorts of prices (well played management raising at $3).
EQX will likely be profitable with IO prices of US$70 per tonne. We are in Africa, SDL was planning on getting it's IO out of the ground with an OPEX of US$22 per tonne. EQX's OPEX will likely be higher due to having to pay for rail haulage, but it won't be significantly higher, and any capital spent on upgrading the track goes to discounting the rail haulage fees anyway.
News: Equatorial DSO iron amd rail infrastructure, page-27
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Mkt cap ! $17.74M | |||
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