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32.5¢ echo resources limited

Ann: Intention to Make Takeover Bid, page-62

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lenovo

1,134 Posts.

52

27/08/19

11:16

Post #: 40169732
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Originally posted by whiteswan11: ↑

Hammer (HMX) is great leverage to the Echo (EAR) takeover, the plant will need an additional 4+ years to make it a meaningful project for Northern Star (NST). They recently acquired the Bronzewing South project that is literally a couple of km away from the existing pit (and plant). Currently drilling and I think if any results come through then NST would be seriously interested in consolidating the whole land package.

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YRL is also great leverage and they are building resources...not just and exploration play like HMX

EAR Price at posting: 32.3¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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