EAR 0.75% 33.3¢ echo resources limited

I don't know, but even toilets are worth something. EAR deposits...

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  1. 524 Posts.
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    I don't know, but even toilets are worth something.

    EAR deposits are near Jundee, so acquiring these will provide ore for the mill down the track long term. I think it's within trucking distance? So no need to fire up Bronzewing?

    NST did a 4% placement to raise $175M for Pogo. So they still have some capacity left to place scrip for a T/O without using cash. If NST SP was to go higher and EAR go lower, then there might be a sweet spot. NST did buy in at what 30c? That can't be just for fun and no good reason? The market didn't seem to mind back then. For a $5.8B cap company, don't reckon the shareholders will rush out the crucifixes just for investing 1.5% to secure 1.7M ounces for the future.

    Also, SAR Thunderbox is close by - I wonder if they will come over for a sniff? Bidding war anyone?
    Last edited by lrothschild: 13/10/18
 
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