EAR 0.75% 33.3¢ echo resources limited

A great read fbx, and they take great care to explain that all...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,303 Posts.
    lightbulb Created with Sketch. 664
    A great read fbx, and they take great care to explain that all costs have been heavily scrutinized so as to ensure that something like what happened to KIN, does not repeat. Extremely important!
    I also like they have included all costs for pre-production which many miners simply do not include in the BFS.

    As I read the timeline, the haul road is to be finished by Dec 2018, with gold pour just 14-16 weeks later, so.... mid April next year. I also like to see that they will be actively mining 2 months before first pour occurs.

    It will be very interesting to see what they do funding wise. As they will be thrown all sort of offers.

    The IRR is extremely good as expected, I just hope they stick to the plan and further prove up the other deposits they already know are most likely commercially viable, to further feed the plant and get it to a 10 year mine life with a more optomized mining schedule to reduce the big strip that will be required in year 3-4.

    EAR - make sure to raise enough capital and get a larger debt package than you need! That way, lots of drilling can occur, and no need to go to the market just as you start pouring gold like so many miners do!
 
watchlist Created with Sketch. Add EAR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.