EBR 1.09% 91.0¢ ebr systems inc.

drilling starting, page-15

  1. 772 Posts.
    drillfix Hi. Yes I have a few ADX only for the cooper prospects. They have 49% of the 4 wells and fewer shares on issue. The ADXO have good leverage also.
    So my data tells me that say a 1.5 mmbls find would put EBR at about 17c + but ADX at 38c+ so they are great for exposure to the Cooper drilling. The only problem is that the Cooper is all they seem to have going for them now that the nickel prospect Marymia has fallen thru. If the Cooper is a flop then thay go back to the drawing board. EBR on the other hand have some "big" medium term projects that could bring them into good money. Cultana copper/uranium/etc is one and it could actually be in the near future hence my bias towards EBR.
    Anyway Good luck to all not much longer to wait.
    fc
 
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