Ann: Echo Delivers Compelling Scoping Study For Julius-EAR.AX, page-11

1. " MKO will only open to toll treat if it is worth while for them to do so "

Read my post again, i said if they pay for the restart, or someone else pays for the restart its a zero sum game because its accounted for in the negotiated TT prices. Ie if paid for the ore deliverer, lower TT costs.

2. "doubt very much that the cost to open the plant will be anything less that $5m and more like $10m based off recent experience at Wiluna."

Ring the company . Wiluna a completely difference beast, needed several upgrades and refurbishment. BW doesn't, its a 'flick the switch' scenario.

3. 'If they are so close to going back into production mode "

Mining approvals still needed, native title, feasibility etc. This will all take a year or so. By then MKO will probably have signed up other TT deposits. But hypothetising, I have no idea if they are definitely going to use BW, just saying imo its going to be BW.

4. "MKO mkt cap at 52 wk high was around 35m so would not expect to buy for less than that."

Who knows. A valuation needs to be done on the plant, plus whatever exploration assets they have. If a TKO were to happen I'd accept a bid at 10c, but I'm a huge holder in EAR so probably don't mind a cheaper price compared to a solely MKO holder. Most MKO holders however are also EAR holders so expect them to think like me.

5. "EAR has been making good Anns but lacking enough detail to Give any confidence that they can deliver what they say."

I ahve full confidence based on detail in the announcements to date. Don't really care if others don't.

Cdchi1