My understanding is that Myall creek and Cultana are two different Exploration leases. Minotaur have completed initial drilling on Myall and are awaiting assay results. Here EBr has 50%.It has old copper mines and is a reasonably good prospect. Cultana (EBR 75%) is as stated on an army range and access is the issue. But Cultana does look very good and includes copper,gold and uranium. I agree the present sp increases are due to this gas find. $20mil in value = 3c per share to EBR. It should be trading at about 8c. This IMO will be rectified in the near future. The myall creek results could come out any time. they intend to re-enter Emily where it is thought they just missed the oil pool. they have two other slots reserved for cooper drilling this year. I can see lots of upside to EBR and have not even touched on Bass Strait, Uley graphite or the new nickel exploration prospects. This gas find starts to move EBr from a spec stock to a (near) producer. IMO a whole new batch of investors will come on board now. anyway just my views. Good luck to all holders Fc
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
