In my opinion, anyone talking about economics at the spec end of...

In my opinion, anyone talking about economics at the spec end of town, especially for a $10M market cap company, is missing the point.

EQN has never said it can’t progress a project due to poor economics — it’s always been about market sentiment or unjust decisions. You can 10x a project based on potential alone, even without solid economics.This isn’t value investing. Are you really going to call it a bad investment just because it’s not cash-flow positive? Come on. For a $10M market cap, this company has great projects. We’re not a $100M company yet.

99.99999% of specs will never have an economic project — people talk like it’s easy to find a top-tier asset. Those kinds of projects are valued well over $10M, and which spec has the cash for that? We’ve got some very promising projects here at a good price. That’s what this end of town is all about — finding cheap projects with serious upside.EQN has some excellent assets for its market cap.

In my opinion, for a company at this level, we’ve just been unlucky. Brazil was a great project, but rare earths crashed. MEI released a poor scoping study and we got dumped. Iron ore was treated unfairly. But antimony and titanium are looking strong, and hopefully this gold project shows real potentialThe spec end has been rough the last three 3 and geniuses like your self always pop up. Again it’s not easy to find company making projects.

Personally im mad at myself for even investing in these small plays, I should have focused on better bigger companys. But thats greed for you.