EQX equatorial resources limited

News: Metallurgical testwork for Mayoko-Moussondj, page-8

  1. 3,910 Posts.
    lightbulb Created with Sketch. 30
    re: News: Metallurgical testwork for Mayoko-M... Yes I agree for sure regarding doing it right so to speak. If the drilling of the 40,000m allows for a greater JORC figure and it is in the indicated/measured category, it can only mean good things going forward. The company will be able to explore the possibility of the larger operation they were talking about, knowing that they have the JORC resource to back it up. This will be important when preparing feasibility studies / assessing CAPEX funding options, as for instance debt markets will only supply funds when they know the resource is there to back up the studies. If you think that a takeover down the track is the play, it's obviously a good thing that were have delineated as large a JORC resource as possible also.

    It allows for more accumulation time also if your that way inclined.

 
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