Another geo running the company LOL. Does this one have any development experience?
What a load of nonsense. 1g/t dirt being hauled too far to a mothballed mill that's too small for these grades Will cost $10m just to re-commission it if they don't have to replace anything. Wiluna, Fortunum, Bronzewing. How many times do these tired old nags have to be ridden before someone puts them out of their misery permanently.
There isn't a million oz at Julius unless they drill deep which they don't have the money or intelligence to pull off. NST knows this, they don't have to do a deal with MR when all they have to do is wait for EAR to get run down again and take the asset from the administrators. Unless MR and Simon are planning on $20-50 million of deep drilling and then finding the capital to build a plant this is only ever going to be a rockchip sample and director's-special speccy.
EAR Price at posting:
17.5¢ Sentiment: None Disclosure: Held