ELE 0.00% 0.5¢ elmore ltd

This is the first ive heard of GRR but you got my attention so...

  1. 255 Posts.
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    This is the first ive heard of GRR but you got my attention so im going to look into it. At first glance i found this
    - they require just shy of $2.9billion to get their mine near albany off the ground (a far cry from the 180 million they have in the bank)
    - forecst production costs of $58.50 per tonne excluding royalties (more than double NSLs) not sure if this includes cost of shipping to market
    - recommended 'sell' on belldirect with no other recommendations meaning companies like pattersons and morningstar dont think its worth looking at.

    I will do some more reading but maybe you need to reassess?
 
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