ENR have enough presumptive volume to have an operation built on my back of envelope math , no superpits but definitely economic at smaller scale
not anything side by side can be compared to luni deposit thats is enough for a large operation
However ENR also boarder a water source essential for an asset to be built , I haven’t investigated Wa1 ability to cross over ENR tenements to access it or if they have their own localised source they dont seem however to sit adjacent to known sources
additionally , strange as it seems WA1success may actually hold it back so they have to go alone and it’s easier for smaller operations to go solo than massive ones from a financial point of view especially on borrowing there is a lot of ifs and buts before either break ground and while both in reality , are experiencing exceptional early exploration results its too early to pop champagne for either
ENR Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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