I’m a little worried that ERL won’t make any profit from this mine..
I really hope I’m wrong. Let see how the numbers look when cashflow comes.
ASIC for production of gold is great this quarter but as mine is getting closer to completion not sure how this will play out.
The fact that the feasibility of the underground mine is still being completed, shows to me they are considering not doing it, or the current contractor doesn’t want to take on the high risk involved.
Just a few thoughts.. at this point I’d be happy to get close to my money back
I’m a little worried that ERL won’t make any profit from this...
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