target 400 could be 600 plus, page-2

Read some sector reports over New Year including one that gave an in-ground valuation for measured JORC magnetite ore (remembering most are under 40%Fe grade) of 50c per tonne.

Well 600 Mt equates to $300m (about the current market cap of EQX).

Throw in 300km of rail that can already cater for between 10-50 Mt p/a and one can see the potential here.