ERL should be worth at least double what it is now. With its currently and forward income out of the open pit its worth considerably more than what it is. I know they are about to start another milling campaign in the next week or so at Lakewood for a couple weeks and then again in Feb so cash will start flowing well.
Once the open pit is done they then have the UG which should another significant amount of cash
They also have a 15.75% holding in FYI which is on a good run ATM
Im amazed the significant shareholders put up with the management in this company and their complete incompetence in promoting it. They are barely able to keep shareholders up to date only ever releasing announcements when they must feel they have to and they putting in very few details
Why wouldn't they put in someone with just a little bit of go in them and half an ounce of personality to get out and promote this thing?
Definition of insanity- Doing the same thing over and over and expecting different results=Keeping current management
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