Australia's largest stock trading and investment forum Australia's #1 stock forum

EAR

Click for more information

0.75%

33.3¢ echo resources limited

Ann: Lowlands Results Point to Open Pit Potential, page-31

First 31 Last

Share
Profile

Follow
DonaldFrump

1,587 Posts.

87

02/05/18

09:13

Post #: 32817856
Share

Originally posted by copperroad ↑

Couple of possibles.
Drill results will continue to add ounces regardless as did the recent lowlands hits.
Ear announcers the BFS and it’s all go. This might mean NST may bid. Why?
They can fund the refurb of the plant themselves, they don’t need debt or an equity raising.
They buy it and keep drilling while refurbing the plant and upscale production to 200,000 Oz pa. EAR already has the best part of 1m Oz reserve now with nearly twice that in total probable resource. They would easily get all their money back plus a large profit for 5 years at that rate. They secure all the ground and just keep drilling.
If NST decide to, it will be bought forward by the drill bit. That means things like Julius, underground or a new discovery. They would bid for the entire company then imo. Knock out bid.
They are waiting to see what turns up. It can all change with drilling. There would be a tipping point and I think it needs more ounces first. I also think that tipping point might turn up this year. Gold is still near A$1750 with the drop in the dollar.

Expand

The more ounces they add at this price, the more absurd the value proposition becomes - be it EV / oz, MC, EPS, etc.

Exciting times.

EAR Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

REM

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ALQ

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

IOU

NMR picks up advanced gold projects in far north Queensland

There are more pages in this discussion • 1 more message in this thread...

First 31 Last

Add EAR (ASX) to my watchlist