Production will double at least in the next 12 months ... NCM and LGL can't boast anything like that. Also EQI will become more geared to the spot price of gold as when Bonikro comes into production the percentage of their production that is hedged will fall dramatically.
350,000 on offer at $3.50 will stop it for a while !!
Disc: hold EQI and LGL
PS: NCM is up 50% inside a few months so I don't think it has really underperformed ... they scrapped their hedges at the perfect time , good kudos for their mgmt.
EQI
equigold nl
