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ESS essential metals limited

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General Discussion, page-1881

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w27

2,713 Posts.

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02/04/23

14:17

Post #: 67090253
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Originally posted by Jeffro1990: ↑

I would be surprised for GL1 to make a move to be honest, that is a huge amount of capital commitment having three pre production projects in ballpark stage of development to each other.

Possibly with MIN backing like you suggest but I think MIN would be more likely to go it alone, I’d be happy to be proven wrong though as a higher bid is a higher bid.

Were GL1 to enter the fray I think that would rule them out for me to take a position, at least in the near to medium term until they can display a clear path with funding to first tonnes.

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ESS would be the easiest and cheapest to get into production and then could be a huge help in getting the others into production. This looks like a great consolidation and is the sort of thing Chris Ellison has been engaged in, in the past. There would be huge common costs to be shared. they are close enough.

ESS Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
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General Discussion, page-1881

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