trevormc, From my understanding all the higher cash outgoings are done for example the drilling and consultants fees, the MDL application and both EOI's for Abbot point and Hancock rail.
resource upgrade due soon and it is a good thing SRK are doing the report over the whole tenement, I see the drilling for the xenith report was a bit of over kill with spacing’s, they surely have more indicated resources.
It may be time for EER to sell a portion of the project to get some money in with minimum dilution or a Standby Equity Facility or loan from Noble.
EER Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
