ERL 50.0% 0.3¢ empire resources limited

I think it will be all good news, lot of speculative posts last...

  1. 268 Posts.
    I think it will be all good news, lot of speculative posts last few months with investors not really understanding the companies position.
    For Starters 60/40 brimstone is only for the open pit only which has exceeded BFS gold recoveries so we should mbe in a strong financial position by now. If I recall there was around 22 mill of gold at 1500 oz (32k oz). We have recovered more gold and and the price has been around the 1600 dollars. We have had 2 cap raisings on top of the borrowed credit so funding pay back to Blue Capitol should be well and truly completed by now. With cash in the bank to fund the 100% ERL owned UG operation early and this is where the boom is sitting. Original mining forecast costs were around 9 mill for the pit operations so do ya math.
    If we somehow do not have a positive announcement for what ever reason it will be tragic for the SP but I'm betting we will hear some good news which has been a long time coming...
    Good luck all
 
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