Taboon,
I disagree with your opinion. Management show no signs of "burning through the cash". In fact there appears to be a concerted effort to preserve a strong balance sheet with big cash balance and no debt. Places EQX in a strong position to preserve their position of holding 100% ownership of a large DSO deposit in the Congo basin. Massive leverage if there is ever any regional infrastructure progress or if there is eventual recovery in the iron ore price.
Other companies in the region will disappear with short term business plans undone by debts they can't pay. EQX will survive and most probably focus on other opportunities to reward shareholders and build value.
Anyway Taboon as you say there is s simple way to measure your investment - look at the share price!
J9
EQX Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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