Well this is still worth nothing if there is no JV atm. No knight in shining armour to stump the funds. Wish EBR had the guts to go for it...splash out with their $4m in the bank and bankroll the appraisal well. Would prob need another $1 m to cover the total cost and another $1 m to stay afloat if it fails.....but hey..otherwise over the next few years EBR is on a road to nowhere.lead by accountants with no idea of exploration, no vision. They could raise $2 m, or convince BAS to stump the difference and co-fund the play. BAS are in the same posn. All cashed up but too burnt by failed wildcats to risk another self funded play in the current climate. But this is different. There is way less risk..and a lot more to gain if they both retain a sig interest in the project. Pleaee please go for it EBR.otherwise all my hard earned options are going to waste next year!!
EBR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
