EAR 0.00% 32.5¢ echo resources limited

Not a big fan of that analysis. I'm bullish EAR but;its hard to...

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  1. 570 Posts.
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    Not a big fan of that analysis. I'm bullish EAR but;

    its hard to see us doubling our resources which implies we will add 1.7 million in resources from a 12 mill program, a lot of the drilling is preliminary and would require a lot of follow up work not including the advanced mt Joel and Corboys.

    You can't just use a JORC estimate for extended mine life, you need ore reserves with strip ratios, pit shells and AISC etc.

    Running the mill @ > 100% won't bring AISC down to 950. You will save a bit in processing costs but the biggest cost is mining costs.

    Happy to be proven wrong.





 
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