Gold is currently at US$1,663 per ounce and it cost these guys something ridiculous like US$2,230 to produce one ounce over the past three months. Better hope the gold price improves or these guys will continue to lose money hand over fist. Not a peep out of them regarding assays/grades, etc either. Annual Report due next month should be telling.
News: EQE Equus Mining Received Firm Commitments For A$1.5 Mln In Placement Of Shares At A$0.10 Per..., page-11
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Mkt cap ! $12.65M | |||
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