EAR 0.75% 33.3¢ echo resources limited

Ann: Yandal Gold Project Ore Reserve Statement, page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,616 Posts.
    lightbulb Created with Sketch. 87
    MEanwhile from Euroz;

    Significant Reserve upgrade to 856koz
    Investment Case

    A maiden Orelia ore reserve of 753koz and total reserves of 856koz is well ahead of our 400-500koz estimate and an excellent result. Stage 1 pit has strong economics with total operating cashflow of >$250m at current gold prices. Our valuation has increased from $0.30/sh to $0.45/sh as we reduce the risk weighting factor by 20% and model in the total reserves. We maintain our Speculative Buy and are attracted to EAR as one of the lowest capital intensity project with excellent exploration upside. We expect further high margin ounces will be added via the drill bit and the deep drilling at Orelia could provide genuine upside.
 
watchlist Created with Sketch. Add EAR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.