Taboon,
EQX's Badondo project is NOT a magnetite resource. It is high grade DSO similar to Core Mining and Sundance's Nabeba. It connects directly with the massive DSO grade Belinga project in **on (the largest DSO resource in the region). I suggest YOU do some research.
And I suggest you need some perspective:
I am stunned you could talk about "responsible" management and compare EQX negatively with SDL. Are you serious? EQX have no debt and $40 million in cash and have cut costs to protect shareholder value.
For your benefit: "Receivership" is when secured lenders place a company in Administration to get their money back. EQX has no debt. SDL on the other hand has massive debt to lenders that it has no capacity to repay. I am surprised there is not an issue for the large Board (all on large salaries) of trading whilst insolvent.
You are misguided to assume Cameroon and Cngo interest ar ealigned or that either "NEED" Nabeba. This is a Pilbara region with Avima, Belinga, Badondo all having massive deposits.
As I always say: Good Luck!
J9
SDL Price at posting:
2.0¢ Sentiment: Sell Disclosure: Not Held