Equinox Resources (ASX:EQN) has seen its shares drop -40% on Monday following its announcement the WA government has canned an infill drill run over Native Title concerns. Those concerns – which Equinox has firmly stated it challenges, to the point where this finance journalist wouldn’t be surprised to see a hotly watched lawsuit come out of this – relate to an ancestral water serpent believed to have formed a waterway that runs through Equinox’s permit. The case – Equinox has made it clear there will be a case – has hallmarks that may be familiar to those who can remember back into the ancien…