Given the size of the project/reserves and the current price of copper I wouldn't be too distressed if they were to hedge a reasonable amount of the first few years of production. I am pretty heavily into base metal stocks ( CMR,OXR,ZFX ... ), all my holdings are strictly 100% unhedged, so a bit of downside protection with EQN considering the scale of the financing involved wouldn't be a bad thing. I think a clever hedgeing strategy would be view positively by the market at current prices.
EQN could be a great mid-tier mining company holding for the patient. Given the sheer scale of the project I doubt they will stay independent for long after production begins. Too big for the big boys to ignore.
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25.5¢ |
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-0.030(10.5%) |
Mkt cap ! $31.58M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 25.5¢ | $113.1K | 425.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46595 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 50000 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 46595 | 0.255 |
3 | 113134 | 0.250 |
1 | 19140 | 0.200 |
1 | 50000 | 0.170 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 50000 | 1 |
0.270 | 10000 | 1 |
0.280 | 104 | 1 |
0.300 | 5194 | 1 |
0.305 | 51912 | 1 |
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