EGR 4.17% 11.5¢ ecograf limited

Ann: Completion of Share Purchase Plan, page-52

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    In my previous two posts I've attempted to compare KNL with WKT so that it might shed some light on why Walkabout Resources have seen a 140% surge in their share price in the past 6 weeks and why KNL is probably set for it's own positive rerate. After more research I can see another comparative advantage for KNL - the involvement of GR Engineering for Epanko's DFS and the EPC (Engineer, Procure and Construct) of the project infrastructure. In contrast WKT have engaged a privately owned Chinese engineering company called Yantai Jinpeng Mining Machinery Co Ltd (they are also a major shareholder in WKT). I'm not convinced that the lower capex for the Lindi project is entirely a result of superior grade (enabling a smaller cheaper plant). The low capex is likely to relate to the quality of the design and build as well - I'd back GR Engineering against Yantai Jinpeng Mining Machinery.
 
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