Ann: EAR: Takeover Update, page-8

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cdchi1

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13/12/16

14:21

Post #: 21302216
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Originally posted by Sharetrader78 ↑

Yes DFS will be a great help to value on current resources and plant value+ production profile ...I agree on a mid to longer term value EAR should be able to command a 100mill+ market-cap (my guess 2018-19)

micro-cap resource sector investors know a great DFS/est production AISC doesn't always equal fat profits .....as a ex PGI,NAV,RMS,AYN,CCU,CCU,BKO,PRU,OGC,CTO,BDG etc
I have seen some great est. AISC / DFS fall flat in reality ...

what EAR has in front of them in the short term....

-secure 90%+ MKO shares
-DFS
-Mining licence /enviro / native title clearance + bonds paid
-funding to refurb.. BZW
-Haul road construction
-Mining to remove 30m over burden ?

-then if all goes to plan start production Q3/17

(from recent EAR presentation)
Study assumes open-pit earthmoving conducted by contractors and toll treatment at a third party mill within 100km of the deposit...(so really need toll to keep AISC low ?? if it falls though could really hurt running costs)

then as we know BZW is a big plant 2mtpa+ which will need to be run at full capacity to reach best running costs ...EAR plan to feed 437,800 p.a .....leaving 1.5mtpa free ??

I really could see EAR trade down once MKO shareholders join the waiting while watch the likes of the Oil&Gas , base metals sector rebound ...the P.M could well take a back seat during 2017 ...

.....

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Let's see what Us fed meeting dsay after they raise rates. If indicate unlikely To raise rate further pog could get a bit of interest.

I'll post more tomorrow about ear mko. Currently enjoying myself in mornington and about tho go fishing

MKO Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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Ann: EAR: Takeover Update, page-8

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