EAR shareholders to pay for and refurbish the plant to the tune of $50 million> Yes I also understood the costs to refurbish the plant to be much lower 39mill BFS 4mill coming from latest CR the ret being funded via financing ..
. if CMM can get 107mill for a gold plant surely EAR could source 35mill on favorable terms(Gold hedge 250koz =25mill) esp once we see the reserves LOM lift from further exploration this year leading to updated DFS including a $150oz+ higher AUD Gold price
From recent CEO Victor Rajasooriar interview-
>Echo has exceptional exploration potential
Multi Million Ounce Deposit in Kalgoorlie, page-9
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