WELL WE FINALLY GET 95% OF THE TRUTHRemember back in 2019 & 2020 R. Beaty said:
1.) EQX would be a million ounce producer by 2022.
2.) EQX was going to pay dividends by 2022 then by 2023.
Now we are going to be a million ounce producer in 3 to 5 years. As well EQX will pay dividends just as soon as they can. Even early last year we were supposed to be a million ounce producer by 2024. NOTHING BUT COMPLETE BS.
WHY? Because by next June Greenstone will just start pouring gold. They will need 3 years to gear up to their share of 400K ounces a year. They will be using production to pay off all their debt for the next few years and complete Greenstone.
Well it has been a huge learning experience for this cowboy. The stock will not get to $10 bucks for at least 18 TO 24 months unless gold goes balistic.
In 3 years EQX will be a senior producer on its way to being a premier producer. That will be a good time for those in the last 2 years that want to hold. For me it has been a huge losing proposition watching it drop from $17.99 to $4 bucks. Out of all my holding I believed in R. Beaty the most back in 2018 and 2019 and 2020. No longer. I won't say what I think now.