EVN 1.31% $4.52 evolution mining limited

EVN chart, page-881

  1. 1,188 Posts.
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    Point noted RareEarths, but I don’t think Crush Creek will be another Mt Carlton - but you never know.

    Another possible scenario is EVN could make GSN a $ offer for their Edinburgh Park tenements. A hyperspectral survey was conducted over the Edinburgh Park tenements early this year, which EVN offered GSN to pay the contractor, the majority of the contractor’s costs. GSN did not have the funds to pay for this costly airborne mapping. That denotes to me a rush by EVN to get any targets mapped and drilled a lot sooner. The survey was very successful that picked up several geological Mt Carlton style footprints. The Mt Carlton mill is hungry for high grade feed in which it unexpectedly ran out of a lot sooner than we all thought. I think the Edinburgh Park tenements could contain several Mt Carlton style mineralisations that could feed this mill for decades.

    EVN did a takeover of Phoenix Resources for approx 50 million for their land holdings around Mungari.

    Back to your point. I reckon GSN would be delighted if EVN offered to buy the Edinburgh Park tenements for a similar deal so GSN could put this cash towards further exploration at Cox’s Find and a possible future mill for them.

 
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