A transport solution for Badondo will ultimately prove crucial...

A transport solution for Badondo will ultimately prove crucial for production to take place. However you guys are thinking a long way ahead of the game.

Sundance has no railway and has a market cap of $1 BILLION.
Core Mining (Avima project) has no railway and is listing at a reported valuation of $750 million.
Zanaga now owns half a project and has a value of $1 BILLION.

These projects all need railways. As do almost all of the iron projects in West Africa. Many of these projects have huge valuations based on the quality and quantity of their iron ore notwithstanding they have transport infrastructure challeneges. Reality is that sooner or later the value in the ground will be unlocked and the market recognises this

Badondo has no railway.

Mayoko has a railway.

Badondo looks like it could turn out to be as big or bigger than Mbalm (Sundance) or Avima (Core).

Mayoko looks bigger than Zanaga and has potential for significant DSO resource (which Zanaga does not) and has a railway secured.

EQX owns 100% of BOTH Mayoko and Badondo.

EQX has a market capitalisation of around $200million and $65 million in cash.

Hello? Hello?

Railways and production will take a company like EQX to a valuation like FMG of $20 Billion+.

To get to $2 Billion they just need to do what they are doing - drill out the resource. They have the money to do this and the right contractors and management.

This is an easy ten bagger from here.