Quanta,"Is that assumption correct?"IMO a few of your...

Quanta,

"Is that assumption correct?"

IMO a few of your assumptions are not correct.



"Years until mining and production and burning cash per quarter."

$50m in the bank and burning $3-$4m cash per quarter is means working capital for 3+ years if needed.



"Only scoping study? BFS DFS and then if ur lucky financing which will massively dilute the srcipt."

Any dilution depends entirely on the type of financing.

What's the dilution if after signing off-take agreements EQX is able to fund a large portion of the CAPEX via debt? Also, take a look at the register and see who is on board, and note what kind of deals these entities have done in the past with companies like London Mining at Marampa.

15,000m of drilling completed since the Scoping Study means a resource upgrade before EOY which will then be used to update studies.

All of this is occurring while Mining Licence Application and Mining Convention are being worked on.



"At least 5 years until any profits at all."

How do you figure this?



"Needs alot of capital expenditure"

On what basis do you say this? $115m to first production, $230m to 2mtpa means a capital intensity of just over $100p/t. The company has also indicated it may look at financing the rolling stock differently as it makes up $80m of the CAPEX.

The company is exceedingly confident the CAPEX can be funded.