EAR 0.75% 33.3¢ echo resources limited

Is this the ASX's cheapest gold developer?, page-37

  1. 811 Posts.
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    IMO EAR is a great investment right now in its own right. It is highly likely they will proceed with Bronzewing and become a producer within 6-9 months of finalising the financing of the Bronzewing upgrade. With current gold prices, the payback period for the upgrade will be so short, it will be a complete no-brainer. They don't need to be acquired by NST to do well for shareholders. In fact, they are likely to do better on their own than being acquired so be careful what you wish for.
    DYOR carefully... all IMO and good luck.
    Cheers
 
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Currently unlisted public company.

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