I agree, solid presentation from Kevin last night. He knows he copped flack from many for only classifying 15% of the reserve, but in his defence, he said he wanted to get things done in bite size chunks rather than needing up to $10M to drill the whole reserve, further diluting share holder wealth in doing so. Kev indicated that they will continue to do this, so don’t expect the other 85% to be classified in one go.
It looks like the G6M project is in good hands too and making solid progress, but as many have said here on previous EQR v G6M discussions, they advised there is definitely going to be a blow out in their cost projections, with the increased cost of logistics, fuel and equipment.
The next few months should be very positive for EQR. Good to see some further interest in the stock today.
EQR Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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