EAR 0.00% 32.5¢ echo resources limited

Fully underwritten 15m, all taken but i believe a small portion...

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  1. 6,325 Posts.
    lightbulb Created with Sketch. 1767
    Fully underwritten 15m, all taken but i believe a small portion is for investors, price looking like 13c.

    I am speculating, but we are about to nab Bullseye and add 373moz shallow dig.
    Q2 Mt Joel will add minimum 1yr LOM
    Q3 Corboy to add 1 yr + LOM
    Will have 6 yrs without Bullseye by Q3
    If we get bullseye, would be Phase 1 8 yrs LOM + optionality on Phase 2. Phase 2 DOESN'T WORK sub 2k Gold.


    They are doing it right drilling this up and cleaning the slate, M&A also on the cards.


    The raising has been scaled back, obviously at 13c... They did it now, June tax selling would of been disastrous.

    One thing i talked to management about is cutting G&A, 900k ! what a joke. 80k a month insurance for the mill... but they said they are seeking cuts.


 
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