ENR 5.88% 40.0¢ encounter resources limited

Don’t hold here but extremely curious. WA1 has a market cap of...

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  1. 117 Posts.
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    Don’t hold here but extremely curious. WA1 has a market cap of 7-800million with proven drill holes. ENR roughly 150-200million with very few results currently showing. Does one not think ENR’s first holes are currently priced in? If first reported holes are low grade would be expect the drop to around 70million MC on the cards?

 
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