I think it probably depends whether you are here for the nearology or the full bag.
The boundary with WA1 is probably keeping the SP frothy, but ENR have a number of decent options IMHO.
And with the broad stroke of "nearology", most plays are not within 400 metres of a mineralised hole. So you'd hope that the odds are a bit higher than 1% that there is a level of mineralisation on the ENR side. But you are right, it is all a gamble at this point in time.
ENR have the money in the bank to find out what they are sitting on, so we await drill progress and subsequent assays. WA1 is shaping up nicely. It would be nice to see this as a province and not a one off. If they can share the investment when it comes to the infrastructure build out, it will be more economical for all involved in the region.
GLTAH, hopefully ENR's time in the spotlight isn't that far away.
ENR Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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