EAR 0.75% 33.3¢ echo resources limited

6% drop in price to 0.31c. People are mad. I'll be buying more...

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  1. 1,587 Posts.
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    6% drop in price to 0.31c.  People are mad.  I'll be buying more at these levels.

    EAR Valuation from BW Broker Report from Sep 2017:

    Looking forward to a decision to mine in early 2018, there is significant and progressive upside from our current value of $105 million to a valuation of $170 million, $0.41 per share. In estimating this value we have used a 5 year life with conservative cash cost estimate of $1,050 per ounce at an annual production rate of 130,000 ounces of gold for three years and a capital cost to commence production including spares, first fill and general working capital of $30 million. This cost rises to $1,150 per ounce for 2 years of lower grade feed delivered into the production plan.

    Sell baby sell ---------------> sell to moir

    Donald "don't look a gift horse in the mouth" Frump
 
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Currently unlisted public company.

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