EQN 0.00% 27.0¢ equinox resources limited.

this one is and has been a no brainer , page-19

  1. 2,446 Posts.
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    "Still short then" - well done Esplanade you called it bang on. Credit where credits due.


    Can anyone tell me what's with the 45M shares traded on the TSX on Friday. I guess a large off market parcel.
    The DOW strong and EQN steady - it has been a struggle these last weeks.

    Copper price - I remember about 9mths ago copper was looking weak and pundits had a much lower price over coming months and then China stepped up to the plate and it rose over 50%. It is a difficult commodity to predict esp. with the stock manipulations that the Chinese are known for to keep a lid on the price.

    I have just reviewed my calcs again and at a $3.00 copper price EQN is AUD10+ on production at a PE of 8. Remember they have hedged most of their output.


    Spozzie


 
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