EQR 1.72% 5.7¢ eq resources limited

Ann: Exploration and Hard Rock Mining Update , page-8

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  1. 498 Posts.
    Nothing but good news and they will bring this forward by 5 years. I would think the talks with the off-takers are pretty advanced to include funding for the next stage. It simply doesn't matter how we get the funding, we have known all along that it will cost as much as $50M to bring the mine back to life. Being a 15+ year mine life at $100M per year approx, $50M is nothing and the dilution in the end won't matter. I think you will see Mitsubshi sign up and fund a large chuck of it, I am sure shareholders will get a bit of action as well as the management tend to look out for us. Don't look at today's movement it means nothing in the end and the market in general is getting hammered.
 
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