EAR 0.75% 33.3¢ echo resources limited

Esh - we seem to be on the same page more often than not. I'm...

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  1. 5,669 Posts.
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    Esh - we seem to be on the same page more often than not.

    I'm curious why you think recent NST acquisitions are low brow - especially Kalgoorlie. I re-read a presentation, and did some research on South Kalgoorlie ground . . . .NST say they brought it for the operating mill, however the tenure is spectacular 1,150km2 of tenements that cover 10-15km of 6 main structural corridors that have hosted over 160moz of gold, with only 7% of drilling over 100m depth.

    Also, some of these leases are freehold - next to no red tape on them. $80M for a plant, operating mine, and this tenement package? WGX gave away some of the most prospective ground in the goldfields for next to nothing IMO.

    . . anywho, back to EAR . . Julius didn't turn out to be the 1Moz deposit, however the tenure should be prospective along that granite margin. Haulage costs and infrastructure capital will be steep. Orelia is a gift, but they'll need more in the pipeline to get a decent LOM in front of them. My 2c. Lets see what the BFS results are.
 
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