EAR 0.75% 33.3¢ echo resources limited

Ann: Mt Joel Drilling Results, page-15

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  1. 80 Posts.
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    Results are decent, they where forced into a trading halt due to movements in share price, doesn't look like a leak. Just general volatility in a junior gold developer.

    Not a game changer, but decent grade shallow oxide ore is a good boost to production. Long section of 4800n looks like a low strip ratio and consistant minerialsation.

    Share price won't take off till finance is approved and the project gets the go ahead, looking like the end of March / April.

    Hopefully the optimised bfs has some positive changes, there waiting on the Mt Joel results as they probably want the mill running @ 100% in the first year. The first 6 months after first gold is absolutely critical.
 
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