Somehow, ENR fails to deliver. They have tenements all over half of Australia and are quick to pick up tenements prospective for different kinds of metals but still have to define a JORC resource. Not as though they are a recent listing. Of course, they may strike a big find at any time, but somehow, I think they spread themselves too thin and fail to concentrate on an area that shows promise. Seems like their strategy is to grab tenements, do some prospecting using methods and hope that they can attract a major to fund investment. Perhaps they are too quick to grab tenements without conducting enough geological assessment first? Their lack of success could be bad fortune but somehow, things are not working for them.
ENR Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
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