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Ann: East Menzies Gold and Nickel Exploration Update, page-11

  1. sydneysider
    4,747 Posts.
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    13/04/23
    13:18
    Post #: 67256004
    REZ EV is at $5.98M plus cash of $1.9M. Assume that open pit mining via JV to toll treat gold ore from locations such as Goodenough has IMHO potential to generate approximately $10M (speculative guesstimate). So bulk of funding for Qld mine may come from free cash flow. Nickel drilling also looks very interesting. Good luck to all longs.
    REZ Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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