IMO there is tough times ahead for IO hopefuls trying to attract finance.
The updated feasibility studies need to be released so shareholders can base their investment decisions on up to date information, but thank goodness for the cash in the bank and tiny cash burn.
If IO anchors around $70p/t for 12-18 months+, EQX may find itself needing to ride out the dip in the price cycle until demand catches up with supply.
The company is very fortunate in that it has the cash to be able to do that if required. Many IO hopefuls will fold or be taken over because they will run out of cash and be unable to raise further funds.
I think, at this point, IO hopefuls are on the wrong end of the price cycle and it's going to make financing tough.
Good luck!
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.08M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 498509 | 3 |
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| Last trade - 16.12pm 17/06/2025 (20 minute delay) ? |
| EQX (ASX) Chart |
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