EAR 0.75% 33.3¢ echo resources limited

Yes, and didn't that article just make you want to double your...

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    Yes, and didn't that article just make you want to double your holding ... Banks will be falling over themselves to lend as the money ... A 12month or less fixed term loan will do

    According to the BFS, at a gold price of AUD$1600, the project is projected to earn over it's lifetime of 8.5 years, a base pre-tax IRR of 155% and to payback it's initial capex within 12 months. Assuming a gold price of $1800, we modeled that the project would earn an IRR of around 300% and payback it's inital capex in around 7 months; almost unheard of economics for a commodity project. Taking a discounted equity multiple approach, we modelled that the project would return almost $8 for every $1 of capex spent over its lifetime. EAR's all in sustaining cost ('AISC') for the life of the mine is projected to be around $1270 an ounce however, we expect this figure to fall in the optimised BFS.
 
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Currently unlisted public company.

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