I see the cash burn rate as critical for a number of reasons, including;
- No one wants to see their shares be continually diluted. That would be a very poor result for investors.
- Cash in the bank = survival and options. If you don't have cash in the bank, you lose bargaining power.
- CAPEX to first production is $115m. If EQX can contribute in a meaningful way to this amount via it's cash reserves, funding becomes more likely.
You should be quite familiar with the first two points.
There is scalability with the operation, it's just that because your only goal on this thread is to bait, you haven't bothered to research what you are talking about. I'm beginning to feel embarrassed for you.
Good luck!
EQX Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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