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Names little

9,332 Posts.

194

02/01/19

10:16

Post #: 37000295
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Originally posted by Xenius ↑

Updated BFS could be coming just as stars align for the gold price and gold sector in general.

The higher $A good price is slowly improving the marginal lower grades in stage 2 of the BFS. The economics of the project are becoming more robust by the day.

Once the bigger producers have had their runs, the explorers will drawer the market's attention. Some spectacular gains should be in order.

Worth noting that some of the greatest share price gains are offered when higher cost operations suddenly turning comfortably profitable. The leveraging effect on profits can be quite outstanding.

For example, a $100 per ounce profit margin 2 months ago would now increase to over a $200 per oz (on a $US70 increase per oz). Theoretically that's a doubling in profit, potentially equating to a doubling in share price.

All of this is basic economics and the smart money is IMO seeing similar opportunity in EAR at the moment.
That's aside from any corporate interest and exploration success, either of which are highly likely.

2019 is going to be a very interesting year for EAR!

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What just happened, up 33% ?

EAR Price at posting: 18.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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