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Bushblock

140 Posts.

16

01/06/18

18:53

Post #: 33442201
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Originally posted by Bentley007 ↑

If the JV distributed $1.2m and there could be another $830k to come from Burbanks, then that makes about $2m from the Open Pit. Didn't the feasibility study announced by ERL have a $7.6m profit at $1500 p/oz and at $1700 p/oz that profit should have risen to $11.6m based on 20,000 oz’s. So if they have made $2m, what has happened to all of that profit? Clearly some of it has gone to Blue Cap, but what about the rest?

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Far yo early to say the JV has cleared $2m

Have not worked through the numbers yet but think the JV will clear far gr8 ER $

ERL Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $5.935M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	3170013	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	15234340	15

View Market Depth

No.	Vol.	Price($)
2	213962	0.009
2	205000	0.008
2	300000	0.007
2	242999	0.006
1	1000000	0.005

Price($)	Vol.	No.
0.010	873799	4
0.011	1121325	2
0.012	1374562	2
0.013	163000	1
0.015	40000	1

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