EAR
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0.75% 33.3¢ echo resources limited

Is this the ASX's cheapest gold developer?, page-97

  1. eshmun
    11,185 Posts.
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    21/02/19
    00:13
    Post #: 37508403
    Grades are OK but the tonnages (ounces) in reserve are minimal.

    UG mining timeframe based on reserves are 2.5 years for 60koz total.

    So there is your mining rate right there 398kt/2.5years = 159.2kt/year

    Mill utilisation based on the ore coming out of the UG at EM 0.1592Mt/3Mt *100= 5.3%

    Esh
    EAR Price at posting: 24.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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