I think any response from JW re the share price will go along...

I think any response from JW re the share price will go along the lines of 'we can't control day to day price movements of the stock but are working to create shareholder value by progressing the project forward.' The staff and board at the company are major shareholders as well (10%+), they'd be working hard to reinvigorate the share price by way of progressing towards production.

As for the sector in general, it is going through a major shift where the markets are stating to factor in an IO oversupply over the coming years and an IO price at $100p/t or lower. IO explorers aren't going to attract the same buzz they used to, and even low margin miners are struggling to excite the markets. This could last some time, and may mean that even if a good Scoping Study is released, the market may not assign further value to EQX until the CAPEX question is sorted and the company is much closer to production. I'm half expecting no big price movement on release of the Scoping Study, so have held off buying too many more shares to until after I've been able to read that report.

From memory we have cash reserves of $56m, with the expected cash burn for this quarter being $7m. We won't need to do a placing for working capital funds for a very long time. Whether a placement is done to help fund the CAPEX is another story, and depends on numerous things. I'd expect the cash burn to fall quite a bit from the $7m this quarter once the Scoping Study is completed also.

The company is testing our patience quite a bit. It's been 4 months since the maiden JORC and considering a lot of the other study areas were being worked on simultaneously with the drilling, you'd have to think the finished Scoping Study can't be far off now.