EAR 0.75% 33.3¢ echo resources limited

Ann: Orelia Soars to 1.1 Million Ounces of Gold, page-76

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  1. 6,851 Posts.
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    Owning the Bronzewing plant is a belter. That plant is worth more than the current market cap once touched up. This has provided a massive leg up for this company as many won't be able to raise the capex to build one. No time wasted for EAR to build one either. They also have the ability to toll treat. The reserves will build what ever the first number is, so don't hang your hat on the first number. I am focused on their cost per ounce number, that is even more important that reserves at this stage. They will end up with years of mine life and they basically have plenty to turn it on now imo. Owning the plant and hitting over 2 grams should have their costs lower than just about anyone imo. That is the real key because they can just keep drilling and adding tons. Dyor
 
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Currently unlisted public company.

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