Australia's largest stock trading and investment forum Australia's #1 stock forum

EAR

Click for more information

0.00%

32.5¢ echo resources limited

Only trading a little above replacement value of existing...

First 5 Last

Share
Profile

Follow
rogerdat

6,593 Posts.

459

19/07/19

10:18

Post #: 39595591
Share

Originally posted by Xenius ↑

Now that is the kind of presentation you want to see from a junior in the early stages of an unfolding gold bull market.

Lots of cash.

Lots of brownfield targets actively being explored now

Existing resource (reserves more importantly) getting more valuable by the day

Enhanced technical team

Situated in a recognised richly endowed gold province

EAR has had a strong run of late and probably getting a bit technically overbought in the very short term but when the gold market gets into this kind of mood, this is exactly the type of stock you want.

A couple of nice hits with the drill bit should be the catalyst for serious gold hungry funds to come knocking for exposure.

Not to mention not one ounce of future production hedged so the rising gold price offers cashflow leverage here to the max.

DYOR

Expand

Only trading a little above replacement value of existing infrastructure.
Should double easily in next couple months imo

EAR Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

There are more pages in this discussion • 58 more messages in this thread...

First 5 Last

Add EAR (ASX) to my watchlist