EAR 0.75% 33.3¢ echo resources limited

Gold remains strong- still over A$1700 eq

  1. 6,851 Posts.
    lightbulb Created with Sketch. 259
    People looking at the US$ price are missing the Aussie dollar drop.
    Gold miners will continue to print at anywhere near these levels.
    EAR all in on the first 400,000 oz is A$1,074, so the margins are excellent anywhere near here.
    100,000oz pa x over A$600 is approx $60m pa in free cash flow pre tax. I would have thought that EAR would also have some tax losses tucked away , so i suspect a great result when production starts later this year. dyor
 
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.