Hey DF, don't really wants to cross promote, but at this particular moment, KIN (chart wise particularly).
Buy already own a fair few. I like near term producers. They are, I hope going to pouring gold just when things get really really interesting POG wise.
Another reason EAR won out is the news flow (at least what can be expected).
My big issue with EAR longer term is are they in this for a T/O, or to be miners? If they were really wanting to get into production quickly, they should be adding to their management team. Yes, the plant refurb is doable, but... its the mining operations that I believe will be much more important.
Anyway, that is still a little way off, but... if the next few announcements are good, then it will be interesting to what the board do. The project will, IMHO more than stack up IRR wise. So... what will the reason be to not raise $20m, lock in a debt facility of $30m and get this show on the road (plus maybe raise a further $5m to treble the drilling campaign). Hell, do a raising with a few options at $0.40. The market will beat down the door.
Either way, I think EAR is very good value considering how little capex they need. Plus their drilling results have been very impressive over the past 18 months (but obviously NST buying in is a stronger indication that EAR are doing the right things, than this post, Ha).
EAR Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
