What junior mineral explorers are exciting at the moment clstw?
It's an industry wide problem at the minute.
IMO the market won't acknowledge EQX until a CAPEX solution is released.
I had tipped a small rise off the Scoping Study but nothing dramatic until a CAPEX solution was found, so the market reaction hasn't been surprising to me.
The major question you need to be asking at the minute is do you think the company can secure funding on good terms? If yes, the share price will have no problem appreciating.
As malmanu also alluded to, if you think Exxaro is a nautral acquirer of the asset then the share price should appreciate on a bid also.
Waiting on news regarding the Mining Permit and CAPEX funding.
EQX Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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