Echo Resources .... EAR Close to 50% owned by major holders, one...

Echo Resources .... EAR
Close to 50% owned by major holders, one of them Northern Star Resources who HC ‘gold buffs’ seem to feel was/is expected to make a takeover bid .
It’s fallen back in price but at Diggers and Dealers it was said production was imminent.
At their Yandal Gold Project
“− Select pre-development site activities have commenced”

According to them they need to spend less than $20 million on plant and infrastructure to get things going again at a previously worked site
Here’s the Diggers & Dealers link :
“− Simple refurbishment of existing plant and infrastructure”
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6gq/yxmZpfZrke92GA==

“In previous years, Bronzewing was a headache for its previous owners.
They were continually scrambling to keep the hungry 2 million tonnes per annum mothballed processing plant full. Since acquiring ownership, Echo has set out to first build a long-life reserve base before switching the plant back on.
It delivered with the reserve upgrade. The reserve soared to 15.6 million tonnes at 1.7 grams of gold a tonne for 856,000 ounces – enough to support an initial 8.5 year mine life with further upside to be had from the on-going exploration to the north and south of the processing plant.
The new reserve estimate is now being fed in to a feasibility study which is expected to be released in the March quarter next year. Assuming the all-clear, first production from Bronzewing would be possible by late 2018.”
https://unauthorised investment adv...e-for-a-re-rating-on-back-of-fat-margins/amp/

https://www.australianmining.com.au/news/new-owner-for-bronzewing-gold-mine/
Bit of a cursed history in there with company closures administration and deaths ...
http://mininglink.com.au/site/cockburn---mt-mcclure
https://en.m.wikipedia.org/wiki/Bronzewing_Gold_Mine


And Jacko !  So strange and coincidental seeing as @kindred_spirit just brought up Empire .
The very same new major shareholder who has been recently buying up big at Empire  features in Echo’s troubled history ...
https://www.pressreader.com/australia/the-west-australian/20160930/textview
Not there any longer.

Clearly new faces and best foot forward is the order of the day for EAR.
I wonder if NRW is interested in them.

Cheers