Mining Licence granted 31/03/14, this would have needed a lot of groundwork submitted with the application plus feasibility study to be prepared as well.
If the Mining Convention and JORC Feasibility are able to be released in October/November, I think it's been a productive year.
With the Mining Licence and Convention, you can only go as fast as the Government allows.
IMO the company is progressing the project quite well, while conserving it's cash balance and keeping expenditure low. The last thing you want to be doing is raising money in the current market.
Conserving the treasury will allow for the company to still be around and without further dilution when the IO sector turns. I think we need to think about the long game here. There's a chance a lot of IO explorers and higher cost producers will be wiped out over the next 12-18 months, EQX needs it's strong treasury.
Good luck!
EQX Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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