Hi guys,It looks like copper is the metal to be in, as the price...

Hi guys,

It looks like copper is the metal to be in, as the price of copper gets stronger and LME inventories keep falling.

Many analyst have come out saying, that we will have a copper shortage in the near future with old mines running out of the high grades, and very few large new mines coming into production, to be able to offset this.

This will be very good for a monster copper mine like Lumwana, and since the ramp up issues are now part of the past we can anticipate a nice re-rating imho.

Equinox shares closed last night on the TSX at 4.41 CAD = 4.86560 AUD!!!

Equinox shares closed at $4.63 on friday here on the ASX,

So that means we have some catching up to do.

Once Equinox comes out with the latest QTR production figures I think we could be moving to a much fairer value for this copper mine that has a current life span of MORE then 36 years.

That alone deserves a premium to the shareprice imho.

The Uranium price is also getting stronger, which bodes well for a positive decision regarding building a plant to process the Uranium stockpile.

This will mean even more cash flow and it will make EQN not dependend on copper alone, alhough copper will be the main source of income.

With this company being cash positive and now raking in the cash, I can see a new mining power house emerging from Equinox.

This imho opinion will happen thru organic growth in Zambia as their extensive mining lease covers plenty of leads to find a few more Lumwana style copper deposits.

Next to the organic growth the company has already stated that they will be on the look out to add mining operations outside of Zambia.

Good luck to all

jojo