Sorry, obvious error.Equinox still owns 7.5 million warrants exercisable at $1.20 in May, not 5 million.
I cannot claim to have any insight here, but why would you assume EQX would have the available spare cash to exercise those warrants? I am making the assumption that they need $ for the Greenstone or Sinkstone or whatever build and will not be in a position to exercise and hold.
Doesn't this May warrant situation look like an obvious problem???