EQN_EQUINOX MINERALS LIMITED
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     tryhay
Member
Username: tryhay
Post Number: 1057
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, May 26, 2008 - 11:02 am: |  
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Can not find its own thread so here we go:
EQN - EQUINOX MINERALS LIMITED
Shares Issued 317,113,253 Market Capitalisation 336,140,048
www.eqr.com.au/ ~ into "Mineral exploration and production. "
Ramp:
The Company is focused on the development of its 100% owned Lumwana Project in Zambia. The Lumwana mine will produce an average of 169,000 tonnes per year of copper metal contained in concentrates for the first 6 years of its 37 year mine life. Construction is well underway and scheduled for commissioning in Q2-2008 (company director suggests that commissioning is currently going well), at which point Lumwana will be Africa's largest copper mine.
Equinox Key Objectives
* Commence copper production at Lumwana in the third quarter of 2008 following construction completion by the EPC contractors;
* Complete the Lumwana Uranium Feasibility Study and progress development activities with a view to producing U3O8 in 2010;
* Significantly expand exploration activities;
* Evaluate and potentially implement opportunities at Lumwana to expand throughput, improve transport logistics and process concentrate on-site;
* Actively monitor new project and corporate opportunities
Daily chart: looks to be getting to the pointy end of the triangle about now
EDIT_1 bought in thismorning 2,500 shares @ $5.06
EDIT_2 MPS's barry dawes is predicting $6/lb copper this year - project is probably costed @$2.00 (guess) copper price: could well provide some upside there...
(Message edited by tryhay on May 26, 2008)
(Message edited by tryhay on May 26, 2008)
Happy trading DYOR
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