Agree here, these mothballed projects are unlikely to run. Add davyhurst to that group, I hear its being recommissioned.
Julius isn't 1mOz, the grade looks spotty at depth and there is a tonne of water out there. I did a search on the DMP site, EAR had some co-funded drilling a few years back and the report is available. Water flows highly restricted the drilling - so it's highly unlikely Julius can even be tested properly at depth. Better off growing the near surface inventory, as mentioned by mgmt there are plenty of targets to test.
In any case, share price is running - thats good to see. I think mgmt will salvage something from this. I don't see enough ore to justify recommissioning bronze wing on, so it's likely they will try to offload their ore to Jundee, or Wiluna if that mill ever restarts. I don't see NST needing this ore, but they'll take it if the terms are favourable. EAR are the deal takers in this scenario.
EAR Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
