Brockman Resources BRM have iron ore interests in the Pilbara.Their flagship project is called Marillana and has a mineral resource estimate of 1.63BT of hematite.They are talking production in 2013.
They have 143m shares on issue[twice as many as EQX] and are trading around $5.55 as I post.
EQX are indicating 46km of anomalous strike length prospective for FE mineralisation in just their southern Mayoko-Moussondji iron project.To the east in the neighbouring permit Cape Lambert have a project called Lekoumou,that by the way connects with our Lekoumou West Prospect.Cape Lambert has a 8km strike length and they are talking about an exploration target of 1.3BT.
This is world class stuff and a railway system thrown in for good measure.So what is EQX worth?
Does 46km of strike mean we have around 5BT of FE? We will only know more definetively when we are told.But I reckon there is some big potential in EQX.Time will tell.
EQX Price at posting:
$1.39 Sentiment: Hold Disclosure: Not Held
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