Hi everyone,
And that is what I expect to happen , no if but when that is the big question.
Will the predators out there let EQN build the mine and let it go in production of are they going to make a move now, with the current low share price??
Equinox has a monster quality project which is undervalued and will be a real cash maker in 12 months time.
It is totally funded to get into production with added very prospective and proven tenements exploration upside.
Added upside from the Uranium by products with a BFS in the process as we speak.
With the continues high copper prices , and much higher copper prices then the copper project has been budgeted for, this company is dirt cheap.
Why has it not been allowed to run yet, wil this happen soon or do we bigger forces playing in the dark to keep a lid on the share price???
You may say , but look it has run, but let me tell you a real run in EQN should have been above the $3 mark now.
Just do your research an look at the huge earnings this company is going to make once in production.
The biggest copper mine in Africa , with its Uranium by product deserves a much bigger MarketCap imho.
With a mining life of more then 37 years I would expect much more then a meager $2.60 and a Mcap of $1.4 billion.
The Uranium resource of 21 million pound is worth alone already $2 billion at todays prices.
The yearly copper production of 373 million pound of copper would be at todays prices of around the $3.20/lb be worth nearly the total Mcap of the company.
And that is only from 1 year production!!!
Even at copper at $2/lb this company is going to make a fortune and that will have to reflect the share price.
I can see a nice run towards the $3 mark and rather sooner then later.
For now I hope that the mine will be allowed in production but I am not sure that one of the majors is going to let this happen.
jojo
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