ESR estrella resources limited
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Ann: ESR secures Strategic Investment to advance Timor-Leste, page-19

  1. cokelator
    527 Posts.
    lightbulb Created with Sketch. 101
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    02/09/24
    15:43
    Post #: 75490920
    You mean they have to complete feasibility study, look for capex and start mining 20kt of ore in 18 months? eek.png Isn't that...worse? At least they did proof-of-concept mining at Spargo previously.

    biggrin.png It is the delivery and outcome of feasibility study, not ore.

    I think technically all nickel assets are just liabilities at this point in time, so $300k sale is arguably reasonable.


    ESR Price at posting: 0.6¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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