Australia's largest stock trading and investment forum Australia's #1 stock forum

ERL

Click for more information

14.3%

0.3¢ empire resources limited

Ann: Pennys Find Gold Mine - Lakewood Milling Results to Date, page-10

First 10 Last

Share
Profile

Follow
Bushblock

140 Posts.

16

01/06/18

18:53

Post #: 33442201
Share

Originally posted by Bentley007 ↑

If the JV distributed $1.2m and there could be another $830k to come from Burbanks, then that makes about $2m from the Open Pit. Didn't the feasibility study announced by ERL have a $7.6m profit at $1500 p/oz and at $1700 p/oz that profit should have risen to $11.6m based on 20,000 oz’s. So if they have made $2m, what has happened to all of that profit? Clearly some of it has gone to Blue Cap, but what about the rest?

Expand

Far yo early to say the JV has cleared $2m

Have not worked through the numbers yet but think the JV will clear far gr8 ER $

ERL Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ZNO

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

The iron ore comeback: Can it last?

TI1

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HAW

Hastings progressing Yangibana to production with lower costs

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 20 more messages in this thread...

First 10 Last

Add ERL (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(14.3%)		Mkt cap ! $5.935M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$6K	2M

Buyers (Bids)

No.	Vol.	Price($)
1	638827	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	13198507	16

View Market Depth

No.	Vol.	Price($)
2	213962	0.009
2	205000	0.008
2	300000	0.007
2	242999	0.006
1	1000000	0.005

Price($)	Vol.	No.
0.010	873799	4
0.011	1121325	2
0.012	1374562	2
0.013	163000	1
0.015	40000	1

Last trade - 15.16pm 30/09/2024 (20 minute delay)

ERL (ASX) Chart