I struggle a little with the $125m capex for the Bullseye project. Would be very interested to see just how Sprott get to that figure, as really, any new mine is going to cost a lot more than that, unless... the secure a plant that is currently on C&M.
Sprott not overly impressed with the quarterly, almost like they expected EMR to walk on water and not be affected by the rampart inflation globally.
With the sector so hated and unloved, I cannot help but think that it is in fact a good time for EMR to move on another acquisition.
Sprott Report 3rd Aug., page-3
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