Reddit Posts
2023-03-28 Wrinkle Brain Plays - In the style of Edgar Allen Poe
Gold to 2k? looks like gold keeps climbing and will hit 2k.
$EQX Equinox Gold : IMHO a good mid sized gold miner with potential ; article in investopedia
Ridiculously undervalued Mid Cap Gold mining stock $EQX ( Equinox Gold) poised for rebound
Equinox Gold ( $EQX at 7.20) very undervalued and poised for a sharp rebound after strike in Mexico resolved in August
Gold Moves Into The Green After Sunday Night Futures Capitulation, Ross Beaty Buys $2 Million Of EQX Shares
SLSSF.TO Due Diligence. This is my only mining stock and I am quite bullish on it, here's why.
SLSSF.TO Due Diligence. This is my only mining stock and I am quite bullish on it, here's why.
$SLSSF- A Copper and gold mining company with potential to develop one of the largest, highest grade open pit copper project
$SLSSF- A Copper and gold mining company with potential to develop one of the largest, highest grade open pit copper project
Mentions
AG and EQX 2027 leaps here 🤌🏻🔥
This probably won’t help you since I’m Canadian so I go for Canadian ones to avoid exchange fees on stocks but: IMG, EQX, NFG, GOLD, BTO, TXG, and GAU. GAU got hammered today but is still one of my best performers for the month at +55%. Just do a little research on some gold tickers in your country, shoot for some mid to low tier cost ones and alternate every week or so. I’ve been making stupid money on them this past month.
My calls going into next week; INTC, OPEN, SOFI, NIO, BULL, BTBT, ONDS, SSL, EQX, HTZ My puts are already fukked bc being ber is tarded
True EQX was one of my only greens today. I’m prob out soon though, everything seems to move slow in that sector
Incredible. I didn't think EQX 7.5c would print. Congrats to all who got that
The pure gamble of selling or not selling at open is a mind fuck. Yesterday I fumbled it and what should have been 2k net was -1k Today I didn't sell my AG puts immediately at open and instantly went from +$600 to full $120 loss. But luckily EQX has saved me from my retardation of these plays, even though still not winning points on execution
Hell yeah my EQX calls are gonna hit! Generational wealth here we come!!
fucked up so bad at open, lost on all my plays except STOK, except I also sold that on the morning dip for a loss, then it immediately 10x. Should have just bought in on the next tier up calls right then cause they went 50x today. So now I have AG puts, bc they went down 15% last earnings and were cheap, EQX calls bc also cheap and gold>silver. Now I'm gonna go back to googling rope✌️
EQX gold play- got some calls and shares. Super cheap atm while they ramp up.
My mid cap pick has been EQX. They are about to merge with Calibre and have two mines that will be in the ramp up phase. Only problem is they need to Deleverage this year to please the market. Will be the second largest Canadian mine producer.
> rerate in the coming months There's no reason to believe that's coming so soon. Look at AMR and HCC for how met coal equities did. They only rerated as the commodity dropped 1/3 after not moving while it increased by 1/3! AMR then promptly collapsed. With EQX the goal is for them to pay off all debt and then slowly return capital to share holders. There will be some insane spike where we should sell. In a best case scenario, management will continue operating in a good way and we can buy back in after a correction and hold for a decade. IAG is in a similar situation. I repeat, don't expect quick gains. Gold's 2x higher than in 2020 when it was $12/share (with 300 million shares) vs. today's $6.20 with 450 million shares. Production is also up a lot... The equities are insanely cheap but can stay this way until the company e.g. starts buy backs.
I still don't know enough about the other company, unfortunately. I'm not sure how this will impact management etc. but it actually single handedly solved my biggest issue with EQX. You see, their stated goal was to be a 1 million oz. producer (because of more institutional interest and higher multiples at scale.) I was scared of some costly acquisition increasing debt loads. The issue with commodity companies in general is that they tend to merge and acquire when things are expensive, instead of e.g. hoarding cash when things are good and issuing large buybacks at the bottom of the cycle. Merging with Calibre, they have a clear path to 1.3-5 million oz. and no debt within 2 years and no reason to change plans. The increased scale also derisks issues like a "geotechnical event" at Aurizona or the community issues at Los Filos. Technically, that's good although I'm philosophically less confident; I'd like more direct exposure to Greenstone without less interesting, high-cost operations diluting my earnings. But Calibre has their own Greenstone equivalent coming online and if we trust EQX management, everything should be fine. I exited a lot of calls at the recent top and am buying back at the current price. I like here EQX is going although my estimates a year ago were wildly off the mark. (Multiple production issues reduced production 1/3 lower, but gold is way higher, share price far lower than expected.) I also like SAND (which receives a stream from Greenstone) and some other small royalty companies.
I posted some DD over a year ago on CXBMF. At the time I had learned first hand from the residents of Republic, WA about a mining operation in its second phase of survey and permitting called the Golden Eagle Project. I believe they estimated it's yield at around 3g/t. I've read that current CXBMF shareholders will transition to EQX at a rate of about .3 shares. I've been considering making an above-average purchase and was wondering if you feel particularly bullish on this merger and what your strategy change, if any, is at this time regarding EQX?
The day of I wrote: Equinox is merging with Calibre gold CXBMF, making the new company the 2nd biggest gold miner in Canada. Both sides think the other wins out, but I view it as acretive by derisking assets. By the end of the year, the combined company should mine .95 million ounces, by end of 2026 1.3 (by my early estimate)... BUT this doesn't include 2 mines which should add about 350k in production (one's held up by union issues, the other just finished construction). I'll need to read and learn about the new mines though. I have no idea what this means for shares. But napkin math: 3.1B market cap at 6-700k oz -> 5B market cap at 900-950k oz. but EQX shares will be 65%, so 3.25B equity (.15B gain on current shares, but overall at market) EQX' long term goal was to be at 1 million ounces for sector valuation reasons (at that size, multiples expand for unclear reasons).
Equinox is merging with Calibre gold, making the new company the 2nd biggest gold miner in Canada. Both sides think the other wins out, but I view it as acretive by derisking assets. By the end of the year, the combined company should mine .95 million ounces, by end of 2026 1.3 (by my early estimate)... I'll need to read and learn about the new mines though. I have no idea what this means for shares. But napkin math: 3.1B market cap at 6-700k oz -> 5B market cap at 900-950k oz. but EQX shares will be 65%, so 3.25B equity (.15B gain on current shares, but overall at market) EQX' long term goal was to be at 1 million ounces for sector valuation reasons (at that size, multiples expand for unclear reasons).
# **TLDR** --- **Ticker:** EQX (Equinox Gold Corp) **Direction:** Up **Prognosis:** Buy, author is already up 47.3% on their position. **Sector:** Precious Metals Mining (Specifically Gold) **Reasoning:** The author argues that a precious metals bull market is beginning, and that despite the poor reputation of many large gold mining companies, mid-tier producers like Equinox Gold are poised for significant growth due to new mine production and upcoming investments. They see this as a better bet than other mining sectors like lithium or rare earths due to processing capacity issues.
I hold EQX but I work for them (IT)
Look into EQX as well. Some LEAPS on these two should work out.
You were right to trust your instincts before. Euphoria over gold's climb definitely distorted EQX's price movement instead of reflecting production capacity.
A little late to this post, but solid DD. EQX is the second largest position in my portfolio and I continue to add. I’m heavily loaded on $10 Jan 26 calls, and recently started loading on Jan 27 calls. I think the market is going to be pleasantly surprised on the cash flow being generated with Greenstone in production and the company has been very conservative with the numbers, the mine has been equipped to handle 12% more than the numbers in the PFS and DFS, and they’ve hired they intend to hit those equipment limits and have planned power generation for them. Recent currency devaluations in Mexico and Brazil will contribute 6-8% reduction in costs in those countries too. This is almost a no brainer, and the icing on the cake is Rick Rule loves this stock - a Ross Beaty stock. Something like 14 out of 16 Ross Beaty stocks have been 10 baggers for Rick Rule.
Spot gold at 2645. EQX at 6.40 now, lagging about 20%, which I expect it to fill in the next few months. Next earnings will show a 50% production increase, such that I expect $10/sh by December.
Gold at 2625. EQX where it was when Gold was at... 2150. EQX production is also 50% higher than last quarter/then. There's a lot of room to go!
Congratulations; another one with a potential to go up 50pct by Dec is EQX ( Greenstone mine in Ontario has just started; lot of gold and cost to process per oz of Gold very low). No guarantees; hence study before your buy,
EQX at 6.13, 15% in 2 days. Why's gold so excited?
I've been mulling this over for hat feels like a week (and it's just been a day!) > It's just following the price of gold With gold 10% lower, EQX was 10% higher than now. On the recent dip, gold was what, 2% lower and EQX was down 30% compared to now. It's more a play on the Greenstone mine being undervalued. > If you still believe management is scuzzy I am half less trustful of myself, trading based on fear (on a long term position I was shilling to everyone), than of management. I've been looking deeply into myself since for a lack of [courage](https://en.wikipedia.org/wiki/Cardinal_virtues). After repeatedly staring at it, I don't even understand what my problem with earnings was. I had notes on articles discussing the very numbers which scared me. I've also repeatedly share [papers](https://wealthwatchadvisors.com/wp-content/uploads/2020/03/QAIB_PremiumEdition2020_WWA.pdf) showing retail traders do beat indices - if you control for selling during downturns. And then I did! This is a very expensive lesson - but I'm not sure for what (yet). I recall during the dotcom boom, when asked what he learned, someone answered "nothing. I already knew I shouldn't have done this." So far, I've started tracking every opinion/decision I have, with sources/arguments. That can slow down emotional trading, because I have to justify and document before acting. My records are incomplete for how I got here/what to blame. Perhaps it was increasing my position in the 5.20s right before the pre-earnings dip (by selling HCC, good timing). Did that increase the emotional coupling of risk of permanent loss of capital, causing me to turn a draw down into such a loss? I don't know how to deal with this side of things.
EQX hit 6 today. (Of course I sold at 4.70 2 weeks ago. I've bought back 15% at higher prices and still hold calls.)
EQX earnings were bad: I lost faith in management and exited 15% down from purchase price (and 40% down from recent all time high).
EQX, I take it? I'd argue gold and silver are set up to have a strong backend for the year.
What range you started your position in EQX?
Coal news: HCC reported today $1.35 EPS (70 M) after $1.61 cap ex/share for Blue Creek, which will continue for 2 more quarters. Production will then be 60% higher. Just a waiting game. However, I have been reducing HCC to increase my [EQX](https://www.reddit.com/r/stocks/comments/1ded2yo/equinox_gold_eqx/) position.
Sounds like the price of gold will fall if this is added to the supply. Not sure how that affects EQX, but probably isn’t good
Gold's back to $2400/oz. Interestingly, equities are lagging even more now e.g. [EQX](https://www.reddit.com/r/stocks/comments/1ded2yo/equinox_gold_eqx/) was in the 6.50s last time. This decorrelation excites me, since my thesis is focused on production volume, not sales price.
EQX leaps… OXY leaps… BITO leaps… BABA leaps… HIMS leaps…
Just bought more OXY leaps Papa warren BTFD buffet says it’s a good stonk I’m fully deployed in the market now My main WSB plays: OXY: 10 k in leaps NVDA: 12k in shares BITO: 8k in leaps EQX: 2k in leaps BABA: 1k in leaps Time to sit on my hands and let MR. MARKET weigh these positions and give me some returns
What made you choose a mutual fund? It seems it costs a flat 5% fee to just open a position (front load), then 1.2% yearly. That seems massive. Refining, trading, royalty and especially supply companies seem fine, but exposure to development, exploration and especially junior miners horrifies me. Much of this EQX play is waiting for them to be rerated away from junior miner/development company. I wish you success though!
My first DD (TUP) went up 30x 4 years ago. I just wrote a second on EQX whose new gold mine just entered production. tl;dr: Production up 50% this quarter, by end of year up 100%, while gold is up 20%. Last quarter had no earnings, this quarter will be ~1/8 of market cap, the next quarter perhaps 1/5 of current market cap. Debt's high but can be paid down fast. Producing gold mines tend to trade at 2-3x nav, which would 20x market cap.
My first DD (TUP) went up 30x 4 years ago. This is my 2nd: [EQX](https://www.reddit.com/r/stocks/comments/1ded2yo/equinox_gold_eqx/) whose new gold mine just entered production tl;dr: Production up 50% this quarter, by end of year up 100%, while gold is up 20%. Last quarter had no earnings, this quarter will be ~1/8 of market cap, the next quarter perhaps 1/5 of current market cap. Debt's high but can be paid down fast. Producing gold mines tend to trade at 2-3x nav, which would 20x market cap.
EQX has a huge mine which just started production. Just picture it, earnings around 0 for years to build this mine to double production and it just finished, with the first gold pour this week. It's all in costs are under 900/oz, so 600 million of earnings a year from just that mine (and then another 400,000 oz at ~1600 aisc.) At a market cap of 2 billion.
Try some EQX, might as well bet it on gold rumors.
Some have run pretty hard but pullbacks and big ones are common in the sector. AEM is one of the best majors but mid-tier has HL, CDE ( mainly silver with that one), EQX is run by a legend in the mining space, GATO is mainly silver but some gold,AU has room to run, as do KGC and BTG. Not giving advice of course but if you can stomach the volatility they have over time especially in the right rate and economic environment done **very** well
ty once again for the plays hardy 🙏 still holding EQX and KR may have to reinvest capital if a jump doesn’t happen soon.
Gold and Silver stock are definitely the way to go as the rotation ensues. However, I would through caution to the wind as most of the Juniors are uninvestable and will end up extremely diluting shares or even bankrupt. Find the sweet spot here in the sector, something that is in the middle and hits your investing approach, here is my approach to this: ​ I found that **large caps** were too low beta and won't expose me to those significant returns, however, small caps (i.e ventures, explorers) were too risky, and believe me I know from experiencing this. So here is what I did, I took a very advanced approach toward Mid-caps as most of them are likely to produce better returns to my portfolio. A perfect example of this which is outperforming nearly every name in the sector is Yamana Gold ( $YRI), however, if you feel like you might have missed the boat on that I am currently investing in the following: $EQX - Equinox Gold $EDR - Endeavour Silver $FSM - Fortuna Silver Mines $BTG - B2Gold $HL - Hecla $AG or $FMI - First Maj $SAND - Sandstorm ​ The only 2 "Juniors" I have exposures are $AUMN and then $SVE, if you notice my picks both of them have limited exposure to risk, for example, Silver One has is located in a Tier 1 jurisdiction and has a decent resource with strong experience management backing it. I mean sure I am not exposed to a huge upside swing, but neither am I expecting "big surprises". In summary, a good investor is not defined by his wins but by his losses of which one should try to minimize as much. especially since these cycles take time to materialize. Good luck with your journey.
Thank you, Air Canada was one of the first stocks I bought and at the time it was lingering around 15 bucks then the travel mandates were starting to lift and it jumped to the 20's, unfortunately I bought high at the time and I was thinking it will go up even more after complete removal of the mandates but it didn’t... yet? EQX is a gold mining company and I read a report that it is predicted to reach 10-15 bucks in the next 52 months. OKE is an American energy company and I am also predicting that one to go up due to the Russian/Ukrainian conflict and decline of power in Europe, as well as another report I read about it. I never knew that Airlines are risky, thank you for informing me.
Still undervalued lol. I'm slowly deploying more capital into EQX.
Thanks; I keep adding to EQX and nice dividend paying BTG
what a beautiful rotation into Semi's yesterday and out at the end of the day....Rotated into GDX and gold miners EQX and DPMLF. Also bought some DISNEY at this level, so low
DPMLF and GDX and EQX are all breaking out....breaking resistance up. Miner stocks are a buy!
GDX and EQX ....gold baby, going way up as an inflation hedge and market hedge
You should focus more on market cap if you're looking to predict where a stock might be in 5-10 years. EQX for example has a market cap under 2 billion. I just don't see a company projected to be the 4th largest miner in Canada having a market cap under 10 billion by then.
Equinox Gold Corp NYSEAMERICAN: EQX PPS - $6.58 (Feb 21, 2022)
I think EQX will be a 5 bagger within 5 years
Ghostposting in a dead bread but EQX checks all those boxes in a big way. They bragged about paying off cops to break up protests in Ecuador on thier last earnings call.
Sounds like a solid business... until it isn't. AWS, MSFT, GOOG, DLR, EQX, etc. are increasingly upgrading old, and building new facilities at tier 3 (some even tier 4 though less common) with 5-9's reliability and have a large enough ecosystem that they can duplicate compute across the whole ecosystem relatively easily. Downtime is becoming a thing of the past. The bigger issue is not having enough servers to run capacity demand spikes. Though everyone is building like crazy to alleviate that issue as well. Power grid failure isn't an issue with the big boys. Severed fiber is and what generally causes outages.
MJ valuations are interesting and I see the solid companies having asymmetric risk to reward ratios (Tilray for European exposure and Trulieve for USA). Gold miners are compelling and I think everyone should have some allocation. GCM, BTO, KGC, EQX. Semiconductors, Intel being my lazy pick. Not experienced here but the valuation seems very reasonable. Forestry/Lumber is very interesting. WFG is a huge company with extremely low valuations. I'm looking to start a position, possibly some leaps contracts.
I would buy only EQX of the three to keep my money safe, because it has a market cap of 2B. GCM has a mark cap of 500M, good but not as the first one. TGM is only 24M: it’s a good bet, but you could have liquidity problems in the future.
SILV, Discovery Silver, Fortuna Silver, Kinros Gold, EQX, EGO, SSRM, Chesapeake Gold. DNN, UEX, UEC, LAM, URG, Fission, Goviex
I am in a 5 stock package for a Jan rebound: DM, EQX, XSPA , WTER and ABEV. I am not good at picking a single horse.
Gold/silver companies I bought were SAND and EQX as my safer plays, FFMGF, AAGFF, DSVSVF as my more speculative leveraged bets
EQX NSR PAAS KGC SBSW REG EVN All incredibly cheap
EQX is the most undervalued mid tier on the TSX and NYSE
Thanks. All these investments in early stage exploration companies are ASYMMETRIC bets ( if you have read Nicholas Nassif's THE BLACK SWAN). What this implies is your investment goes to zero or you hit it BIG. Example of one I hit big in last 15 months was GTBP. Check the chart; by the way it has now corrected to another buy point but BioTECHs are also high beta and AYSMMETRIC) If you are into miners and want a safer dividend paying stock with decent upside ( GARP)then try EQX. I always put my money into 4 to 5 to diversify. Feel free to follow me and check my recommendations since I joined reddit in Jan ( I'm a retiree with no agenda except making some incremental money with about 5pct of my capital to plan for tis so called TRANSITORY inflation BS))
Enjoy the Labor day weekend, especially if you bought $EQX.
$AG baby! And AU! And Uranium!! But mostly dropping money on $EQX! Which would classify as mid tier GOLD producer!! Fear is coming, greed will follow!
I really like SPOT.V, EQX and AR.TO
I like EQX, I think I may start moving my heavy bags into gold
I just bought ITM leaps for January today. Always like to see other people eyeing the same stock after-the-fact. I'm also curious about Equinox gold $EQX selloff while they deal with the strike, although I haven't bought into that.
miners, GOLD, AUY, AU, KGC, PAAS, AG, VALE, EQX
I don’t think so because I think copper is likely gonna double from here with the way Biden and the Fed are printing money like it’s out of style while pushing EV and the green new deal which all requires massive amounts of copper. The best play for me is GOLD. Barrick gold. Everyone assumes it’s a gold miner and it is the second worlds largest gold miner. It’s one of the largest copper producers in the world but is not valued as such. Greatly run company. If copper doubles from here and gold goes back to 2,000 which are both my base scenarios I think it’s a 4 to 5x stock To me the best most undervalued is EQX. By far. I think it can go 10x easy.
I have been investing in mining stocks for 5 years and have made as much money as I have lost. The best plays are: EQX, PAAS, AG and then I would recommend funds like EPGFX or SILJ or GDX and GDXJ. The first three I mentioned are absolutely stellar
I went with Silver. It’s not only an inflation hedge but has industrial applications, specifically the electrification of everything. PSLV and Calls on AG, HL , EQX & CDE
Haha yes, of course! And are you kidding me with mentioning the EQX? That will have absolutely nothing to say in the grander scheme of the EV race. NOTHING, that you can be certain of. 1200$ is a very likely scenario when we reach january. I will be sure to tag you when I am right.
Mercedes EQX - 478 miles of range. Sure you've been quiet whilst the price has been on the floor recently, but do you still honestly believe after the recent slew of full EV's from other manufacturers that Tesla will still be able to hit your price predictions? How many current Model S drivers that came from German cars originally, that are now coming up to the end of their lease do you think Tesla will be able to retail
might yolo AAPL fds at open. I'm up 100% on ones I bought friday and I could double again if it has another 2% day. Also looking at TSLA for weeklies, and BABA and EQX longer dated calls. I miss the market so bad, tempted to buy a couple scratch offs for the dopamine lol
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My bags are smaller but too many to count:) Here are they $CSTR, $MEDV, $NEXE, $NUMI, $CODX and $EQX. I have too many bags 💼 so no choice but to shut up and set tight either go down to drain or go to moon 🌙:)
I’m buying gold miners. AUY, BTG, KGC, EQX, NGD.
Taseko is a good pick, but there are better. See below. Almost anything related to gold, silver, copper, uranium, and rare earths is a good pick right now, although we're likely to see a fairly significant dip in metals prices and related stock prices before the next big supercycle in these commodities takes off in the not distant future. The best buys right now when measured by share price vs net asset value are Equinox Gold EQX and Artemis Gold ARGTF. The best royalty streaming company to buy right now is Gold Royalty Corp GROY, which had its IPO at $5.00 on the NYSE on Tuesday and immediately fell to the mid 3.00's on a short attack. It is run by one of the leading mining financiers in the world and is an incredible buy right now even though it is back up over 4.70. For uranium, Uranium Royalty Corp URCCF and Uranium Energy Corp UEC. All of these will make you very happy long term. Copper is strong right now, but very susceptible to the likely coming economic downturn. The metals listed above are better. For an OTC microcap that is about to explode, check out CELZ. They own multiple patents on stem cell treatments, one of which is about to receive approval of their Investigational New Drug application to start clinical trials on their stroke recovery treatment. I got in at .0017 last summer, it is not just under .04 with a high of .13 in the meantime. Ultra high risk, don't invest what you can't afford to lose completely, but CELZ is looking verrrrrrry good.
I noticed $EQX, anyone think it's a play?
Congrats on beginning young. For Gold I like EQX but honestly haven’t looked at the market in a while Keep a majority of your portfolio into dividend paying blue chips that DRIP or indexes that DRIP. I’m personally in VTI, to each his own Play around with 10% of your money on short/intermediate plays to learn. Remember quick gains are amazing but gains can also be quick losses. Remember the tortoise beat the hare. Good luck