Estimated Revenue $19M year=.05share/8X current price
1.)Dalian project has been signed as of 7/14 per DAK. The estimate annual revenue from this one project alone is +-$19M a year divided by +-400 million shares = .05 per share value. 8 times what it is trading for now. No big gold mining company would have gone after the tailings of this property, but the reports show that there is substantial amounts of gold and other minerals, so EQBM saw an oppty by using a certain extraction method. EQBM received environmental approval from Chinese govt. on the extraction process, and now agreement is signed with DAK.
This estimated annual revenue does not include any revenue from the Red Lake project or Bonanza ppy, both which will have eng. reports out nearterm on the amount of reserves from the 120+ sample bore mining holes being reviewed. The PPS has declined based on technicals, awaiting news and MM's. Check the specifics on the chart. Played it to .05, then played it to .024. And that was just based on technicals. Now that real news is finally here, a larger, stronger upside will occur.
Gold ran to $800, then backed off and during that time gold stocks went out of favor. Now, with middle east tensions and the inclusion of Syria, Iran, precious metals now are stronger than ever, and will continue.
If any poster here would take time to research information on real revenue potential and have the smarts to see, especially looking at the chart, pps ready to break out. Plus, now EQBM is being talked up on other strong boards as well, by quality traders.
GLTY, my opinion only, not a buy or sell recommendation.
