EAR 0.75% 33.3¢ echo resources limited

Ann: Orelia Soars to 1.1 Million Ounces of Gold, page-51

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  1. 6,287 Posts.
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    Yes I think a very large discount rate must be given to any valuation at this point in time ....86mill market cap isn't exactly dirt cheap .

    ... I see RMS.asx just purchased EVN's Edna May gold mine for $40M up front and a maximum of $50M in additional payments...

    for this they get an operating Gold Mine-- 2.0MW SAG mill and a 3.7MW Ball Mill along with other components necessary to provide a steady-state capacity of 2.6 million tonnes per annum. The process plant consists of a conventional carbon in leach (CIL) process and SABC FF (SAG mill, Ball mill, pebble Crusher, Feed Forward) circuit. The ore is metallurgically consistent with a typical metallurgical recovery of 92-95%...

    -850koz au resource base with great exploration mining upside...open at depth etc

    ...really think until BZW is running ore and giving us real results via a real world ASIC ...EAR S/P will be be trading the range....
 
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