Hi westcott, $38m is going to get EQX a very long way...

Hi westcott,

$38m is going to get EQX a very long way considering it can reduce it's cash burn to approximately $600k, as per the March 2015 quarter.

You still haven't got it through your head yet have you? For African IO companies it is now about SURVIVAL and ASSET PROTECTION for the next 1-2 years.

No one said sit back and preserve cash forever, but it's going to need to be the plan for at least 12 months. IMO no African miner is going to get funding with IO in a bear market at $60p/t. I believe you are living in a fantasy land if you think otherwise.

Of course EQX would need funding to progress Mayoko, that's really not the issue at this point. It's not about progressing projects for the next 1-2 years IMO, it's about keeping the company afloat, not diluting the company, and keeping control of the assets. EQX will be able to do all of this, others in the area will have a much, much tougher task.

You are completely incorrect about your comment re sharing 500k product for 2-3 years. You are again showing your complete lack of knowledge and understanding of this company.

Year 1: 1mtpa
Year 2: 1.5mtpa
Year 3: 2mtpa
Year 4: 2.5mtpa

Production timeline as per the Feasibility Study. Pg 11 of the link below. I thought you only posted facts?

http://www.equatorialresources.com....-asx_-_pfs_announcement_final-web_version.pdf

Good luck!