They haven't started drilling yet. All they have are some rock samples showing very high [Co] from 30-50 years ago. Not enough for a legitimate estimate of the global resource. At 9.4¢ and after in-the-money options dilutions and share considerations for Ophiolite, EQU's MC is worth 50M$. I don't know about you, but that's a bit steep for a junior that hasn't drilled yet. COB has at least drilled and inferred their global resource.
EQU vs. Cobalt Blue, page-19
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