Nice quarterly, confirmation that the company is looking to have the Mining Convention signed and PFS released during this quarter. That would be a very good result IMO.
Very much looking forward to the PFS and being able to read about the different scenarios (i.e lease rolling stock v purchase rolling stock), and whether the progression made may reduce CAPEX/OPEX figures from the Scoping Study.
Being able to expand production to greater than 2mtpa as hinted in the quarterly would be of substantial benefit if possible.
Very happy with the cash burn rate, management looks to have a tight control of costs which is very important for a company essentially trading at cash backing!
EQX Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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