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33.3¢ echo resources limited

NST have $500m in the bank plus a $200m loan facility.... if...

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Jetballs

794 Posts.

6

07/08/18

13:43

Post #: 34774752
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Originally posted by speculator101 ↑

Nice presentation.
No frills, just explains exactly what you are getting right now, with an E/V of just $85m.
$104 an ounce per the reserves too.

How the likes of NST is not using its script considering its valuation per ounce being produced is almost 8 times higher than EAR astounds me. But they are the masters of this game.

i.e NST are producing approx 600k p.a (or hope to), and have an MC of $4.5billion, or $750m mc per 100k of gold being produced.

NST could pay double EARs MC right now, and pay for the refurb, and still be able to increase their MC by $500m.

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NST have $500m in the bank plus a $200m loan facility.... if they were to pay 75c a share for EAR it would only cost them around $300m

EAR Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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