EQX could afford to hold on to cash while SDL spent cash to get things moving for themselves and the likes of EQX and Core Mining. EQX is going No ware without SDL getting Finance.
Why do you think Core Mining have done nothing over the last couple of years? why do you think Cores main partner has written off their investment in Core Mining?
As I have repeated to you, EQX will have to spend a lot of their cash to keep the Tenement in The Congo Republic. The Permit only lasts a few years and EQX have to show they have spent a certain amount of Dollars in that time to get an extension for their Permit. That is the point they are at, spend some cash or loose the Tenement.Tried telling you that over the last few years.
Do you honestly have any idea how much it costs for All the Studies, Environmental, Feasibility, Port, Rail, study to do with Land Holder Compensation, Conventions and so on?
Yes SDL were spending up big. Many Millions of dollars for each one of the items above.
EQX can sit back and let SDL do all the spending and travelling to China and other countries to try to get funding.
Westcott.
SDL Price at posting:
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