Ann: Share Purchase Plan Offer Booklet, page-80

Agreed RogerDat, Echo will never mine an ounce of Gold.

They could of just started refurbishing their plant and prepared for production, whilst drilling out the additional 2 yrs LOM. But instead they are drilling 95k and talking of M&A to consolidate the region all on the behest of NST. Who will ultimately take out EAR, once Echo has done what NST require, and the blue print set out is for NSTs gain in the LT.

Short term, EAR will move higher, but the upside is capped IMO.

Victor's final command in those performance shares was capped at 35c. Most likely what NST will pay once this is all done. Unfortunately the upside is still 150% circa.

Just my opinion.