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
That's literally not true. Some miners have started to publish 2024 production results (non financial) and the cash flow is so spectacular they comment that they are paying off their debts, not diluting. EQX and AYA for example already have FY 2024 results out.
Equinox Gold (EQX) for Mid-Tier Mining Borealis Gold (BOGO), Lahontan Gold (LG) and Talisker Resources (TSK) for Junior Near-Term Producers Tudor Gold (TUD) for developers Silver: Silver X (AGX) and Silver 47 (AGA) are my favourite junior plays
EQX. Even if gold goes down this stock is going up! $26 is my estimate for December of next year. If gold stays high that is definitely a conservative estimate.
Congrats! Also long miners. In EQX, WGX, BOGO, LG, TSK and more :)
Agnico is the #1 largest by market cap man if you want 3x leverage look at the junior miners in the GDXJ etf or EQX . Also Agnico is up 115% on the year gold is up about 50% so it is a little More than 2x
!banbet i still believe !p EQX
EQX is going to Skyrocket with earnings coming up
I have bought options on various "gold stocks, EFTs". In 3 months, many were up 300-400%. Sold a few according to my strikes, I believe in taking a profit and moving on. I also do hold a few ETF gold oriented investments. Try HL mining and PAAS, EQX stocks or options. Take a look at GDXY for a different take. There are equity versions of this gold based theme as well. This could be a safer, longer term play. Understand what you are investing in. Don't forget that my and your investment strategies are likely to be different. I love to buy on down days, sell up up swings. Watch the charts. I am not investing for long timeframe type of gains, on these swing ideas, taxes aren't my concern, only big profits. If the wind shifts, be prepared to tack, put up the spinnaker or grab your vest. The trend is likely your friend. Sorry for any poetics written (POET however is another one to watch not in metals). Don't fall asleep at the wheel either. Just saying.
Probably you’ll be fine over the long term - the gold miners have gone up a lot but so has gold so their quarterly results will be great next month. It is possible we have a short term correction so be prepared to hold or buy more - to reduce risk I would buy a larger gold miner EQX or AEM if you aren’t familiar with the space
Gold mining stocks. Gold doubled and so did the mining stocks. But the mining stock FCF is up 11x…. Long NEM, and especially EQX and BTG. These last two are severely undervalued .NFA. Good luck
ugh sold my EQX calls too early and holding my LDI, probably should have inversed myself
wait I legit thought the stock market was closed today cause everyone trolling about it last week, I didn't log in and my portfolio went of 15% because my only things I own that aren't already worthless are UUUU and EQX calls. So I guess the play is to buy and hold and not day trade. boring
EQX best gold ticker You’re welcome God bless Rick Rule
Got them too! 1/21/28 360 & 400 Leaps on EQX and AG, shares in ASM, EQX, AG, EXK and IAG
so the share price does not really have context without the number of shares. Its better to compare market cap (or the value of the company) Agnico is worth 77billion and EQX is worth 8 billion. 77/8 = about 10x. But your point is still valid.
I agree that they will go up more, I just worry about a pullback in the coming weeks. My favorite stocks are EQX, CGAU, HL, and PAAS do you have any Recs?
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