Quarterly is a rinse and repeat release which has been...

Quarterly is a rinse and repeat release which has been regurgitated for the last 4-5 years...lol

They have so far not even been successful in obtaining a mining licence, They own 0.00 % of a mining licence...

No actual resource proved up and or reported, and no significant strategic partner.

Instead of carrying out a decent drill program and or varies studies to progress the project they have in effect sat on their hands. There is a innate difficulty in attracting funding in this region at the moment and EQX seem to have put themselves at the back of the que and out of the ballpark.

This IMO is why they have not gained government support and no approved mining licence. There is a danger in it being revoked. Some may say it was a smart move to sit on cash, would that be smart for Managements ongoing remuneration or the project dynamics. Its a catch 22 situation if you spend the cash, SP drops if that expenditure doesn't add value to the project.