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50.0¢ essential metals limited

Ann: Dome North lithium drilling completed, page-156

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readyaimfire

11,413 Posts.

1513

17/09/21

13:36

Post #: 56149508
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Originally posted by ironman100 ↑

Hi All

Looks like 23c could be our support now - had a nice rerate and so it should!
Always the case in a growing stock - two steps forward and once step back,.

I'm so much happier management will have more shares in ESS, and if they can develop a mining project as per CXO I think shareholders will be happy to reward them with more!! They have to prove themselves though. Start ticking all the boxes required.

My message to all is this.
I'm here until we go mining - keep your eye on the prize

ESS can look to CXO on how to develop a small resource.
Apparently underground mining is not as expensive as it use to be, If I remember right I think I read CXO used three mining contractors to quote for the mining costs and contribute to this DFS
Operating costs of US$364/t - wow nice!

A small resource doesn't mean small market cap - and I believe we can realize a bigger Ore reserve than them by a long margin
Current CXO MC~700m

Good luck all, its been a great week and have a great Weekend

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"I'm so much happier management will have more shares in ESS", and so would I be if they had bought them on market instead of sticking their snout in the tough as part of a discount CR ESS didn't need.

ESS Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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