EAR
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0.75% 33.3¢ echo resources limited

Is this the ASX's cheapest gold developer?, page-33

  1. rogerdat
    3,746 Posts.
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    15/02/19
    07:21
    Post #: 37444157
    45c is low ball IMO.
    The plant is worth $120mill on its own and we are trading at that level.
    With BFS and JORC upgrades within 6 weeks I can see Echo trading at $300mill MC or circa 60c SP by end of March.
    I don't believe NST will make a move before BFS and JORC upgrade and that will give the SP a chance to reach fair value before any T/O premium.
    All IMO.
    EAR Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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