7 months have passed since this announcement. it has been a slow burn to todays levels of 23c.
Yandal Project Study The January 2017 Julius Bankable Feasibility Study (Refer to ASX Announcement dated 17 January 2017. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of reporting of Mineral Resources and results of the BFS that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which any Competent Person’s findings are presented have not been materially modified from the original market announcement) which supports parameters forming part of this Ore Reserve estimate will be updated to incorporate pertinent aspects of the Orelia mining and processing parameters with the updated study expected to be completed in early 2018. In addition, updated mining costs have been sought from a number of contractors and have been incorporated as a part of the cost assumptions used for this Ore Reserve estimate
Have the scope of works changed since this announcement, which has caused the mining contractors to delay quoting or can no contractors do the job cheap enough for EAR's profitability?
EAR Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
