Ann: Change in substantial holding, page-11

I think the Study is due this month. Given the grade and NST’s interest, I am looking for a cost around the same as NST or in the very low $1000 mark. That should allow EAR to make tens of millions pa and set a very low PE of sub 5 or even less imo. The market cap is only about $170m. NST PE is approx 20.
EAR don’t need to build a $200m plant and any upgrade cost could be done with a loan and paid off with months if these numbers are about right. There has been some previous numbers done at around what I am saying.
NST would have run their own numbers and hence their 20%. That is why it’s a no-brainer to me.