ERL 33.3% 0.2¢ empire resources limited

Expects to pay back 7.5 mill in just five months..has 7 months...

  1. 1,529 Posts.
    Expects to pay back 7.5 mill in just five months..has 7 months -8 to do it..they are obviously confident of the gold produce figures..so will pay early..The cost of production which is around AU$1,086/oz. according to the BFS, is believed to generate revenues of between AU$29.6m- AU$33.6m in the first year of full production. If all the cards fall in place the company could be cash-flow positive within eight months
 
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